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Mainland Witnesses Speedy Investment from Taiwan
Statistics by Taiwan Economic Department show that due to the attraction of China' s upcoming entry into the WTO and its market will be more open to the outside world, investment by Taiwan businessmen to mainland has exceeded 1.1 billion US dollars in the first half of this year. It is an increase of 1.3-folds over that of the same period of last year, with the electronic industry taking up sixty-four percent.
The investment on the electronic industry indicates that the various preferential policies for attracting the investment in high-tech industry have come to work well, as deemed by the department. It is reported that a total of 341 investment items are granted by Taiwan authority in the first half of this year, an increase of 69% in items as compared to that of last year, reaching US$ 1.1227 billion, a rise of 129.9% (about 1.3 folds). Half of the investment are concentrated in Jiangsu Province and 34% in Guangdong.
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