Despite reports to the contrary, the Ministry of Economic Affairs (
Lin also said the ministry remains uncertain as to whether the US$50 million ceiling on single investment projects in China would be lifted, as had been reported by the media.
Local media have reported that the ministry had already decided to lift restrictions baring these industries from investing in China, replacing regulations with a "case-by-case" review process.
But Lin said no final decision had been reached and that the ministry would hold meetings with leaders from the wafer and petrochemical industries to discuss the issue within one to two weeks.
The ministry had originally scheduled a meeting yesterday, but cancelled at the last minute due to "inadequate preparation."
Lin, however, stressed the importance of maintaining a degree of control over investment in China, saying that the current case-by-case review of China-bound investment projects would likely be maintained.
Lin also said that the "no haste, be patient" policy that discourages investment in China would "certainly be revised." But in addition, Lin added that current restrictions on investment there should be eased without haste and the chances of any sudden, large-scale changes were not high.
In related news, the head of the Council of Economic Planning and Development (
Chen said the links should be aimed at helping the economies of outlying islands, where local residents have long engaged in illegal trade with their Chinese counterparts.
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