Taiwan's Mainland-Bound Investment Doubled in 2000

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Wednesday, January 31, 2001, updated at 09:08(GMT+8)

Business

Taiwan's Mainland-Bound Investment Doubled in 2000

Taiwan's mainland-bound investment doubled in 2000 to US$2.61 billion amid expectations that both would join the World Trade Organization, according to sources.

Approved mainland-bound investment soared 108.11 percent year-on-year in 2000 with the easing of restrictions by the Taiwan government also boosting mainland-bound investment, it said.

The expansion was also encouraged by China's provision of land and tax incentives.

Taiwanese businesses have poured an estimated US$45 billion worth of investment into the mainland.


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	Taiwan's mainland-bound investment doubled in 2000 to US$2.61 billion amid expectations that both would join the World Trade Organization, according to sources.




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