Taiwanese exports to China are increasingly going to Jiangsu and Zhejiang Provinces in the central part of the country, with the two provinces accounting for nearly 60 percent of Taiwan's China-bound shipments last year, according to government tallies released yesterday.
The statistics made public by the Bureau of Foreign Trade (BOFT) under the Ministry of Economic Affairs show that, along with rapidly growing Taiwanese investment in central China, exports to Jiangsu and Zhejiang accounted for 58.3 percent of the country's total outbound shipments to Chian last year.
Last year, 43.3 percent of Taiwanese investment went to Jiangsu, while 28.9 percent and 8.5 percent went to Guangdong and Fujian provinces, respectively, BOFT tallies show. Zhejiang Province took 6.6 percent. At the same time, 54.8 percent of Taiwan's total exports to China were shipped to Jiangsu, while 30.9 percent went to Guangdong.
In terms of product category, 85.5 percent of optical exports and 47.3 percent and 27.7 percent of chemical goods exports were shipped to Jiangsu and Zhejiang, respectively. More than 80 percent of other Taiwanese exports bound for China, such as electrical engineering, machinery, rubber, steel and man-made fiber products, were also destined for Jiangsu and Guangdong.
According to BOFT officials, China-bound exports from Asian neighbors, including Japan, South Korea, Singapore, Malaysia, Thailand, Indonesia and the Philippines, have also increasingly focused on China's central region rather than the south, with Jiangsu outpacing other provinces.
Minister of Economic Affairs Ho Mei-yueh (何美玥) meanwhile urged Taiwanese businesses to exercise greater caution with regard to their investments in China at a time when Beijing's "anti-secession" law is expected to be approved next week.
Ho made the remarks on Thursday at an economic forum while giving a keynote speech on cross-strait economic development and strategies.
Saying that it is undeniable that Taiwanese investment in China has benefited Taiwan, Ho nevertheless called on Taiwanese companies to take political factors into consideration while weighing investment plans in China.
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