Most Taiwan High-Tech Firms to Invest in MainlandA survey showed nearly 90 percent of Taiwan's high-tech companies will invest in the Chinese mainland this year, according to reports reaching here from Taipei Tuesday.The Taipei Computer Association was cited as saying that 30 percent of Taiwan's 411 high technology companies have already invested in China's mainland, based on a recent survey. After a careful cross-sectional analysis of the survey, the computer association reported that over 50 percent of the companies will sell their products in the Chinese mainland market. Among the 30.5 percent of the companies that have already set up shops in the mainland, only 22.9 percent have gained a profit from their investments. Meanwhile, 12.4 percent have broken even on their investments and over 60 percent are still struggling after investing a large amount of capital, the survey suggested. Most investors said they look forward to a stable and unchanging cross-strait relations, the survey said. The survey also showed that investments by Taiwan's high technology industry in the mainland will continue and that this trend will expand, resulting in a chain-reaction that will lead to the exodus of down-, medium- and upper-stream companies to the mainland. Many enterprises expect a sustained growth in the mainland's industrial production, but predict a decline in Taiwan's. Also, 70 percent of the respondents said they are pessimistic about the island's economic climate in the near future. |
| People's Daily Online --- http://english.peopledaily.com.cn/ |