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Taiwan Sees Sharp Drop in Major Investment Projects
The unbroken deadlock of the cross-Strait relationship and political instability in the Island have greatly weakened the wishes of firms and factories to invest in the Island. According to the statistics provided by Taiwan's industrial department, the number of the major investment projects each worth over NT$200 million has plummeted this year. By the end of October, there were only 202 such projects, down by a half from last year's figure of 578.
The industrial department estimated that the gross number of major investment projects in the whole year would only be 202 with a total investment of NT$496.3 billion. Personages concerned are of the opinion that the decline is mainly attributed to Taiwan's investment environment tending to become complicated, which has caused the prospective investors to hesitate to go ahead.
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