Still, China’s success in controlling the pandemic and its rapid economic recovery have made it a drawcard for investment, not just from Taiwan.
TAIPEI: Taiwanese businesses boosted investment into China this year, despite Taipei’s push to reduce economic reliance on its giant neighbor amid a U.S.-China trade war and a growing military threat from Beijing.
Total approved investment from Taiwan to China rose to $4.7 billion in the first 10 months of this year, an increase of 47% over the same period in 2019, the Ministry of Economic Affairs said in a report Friday. Excluding mainland China, outbound investment climbed 19% to $7 billion in the period.
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