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Approved Taiwanese investments in China plunged 36.47 per cent year-on-year in the four months to April, official data showed on Saturday.

      The Investment Commission said it had approved 119 projects in China worth 297.24 million US dollars in the period.

      It gave the green-light to 307 foreign investment applications valued at 976.79 million dollars in the four month period, up 18.42 percent from a year ago.

      Local businessmen began investing in China in the late 1980s to cash in on cheap labor and raw materials there.

      However, Taiwanese enterprises are prohibited by their local government from making infrastructure investments worth more than 50 million US dollars in the mainland.

      But with or witout government approval, more than 40,000 Taiwan enterprises have poured an estimated 40 billion dollars worth investment into the mainland.
 
 
 
 
 

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