Chinese investment in Taiwan increases 38 percent in January
By Enru Lin, The China Post Wednesday, February 24, 2016, 12:11 am TWN
TAIPEI, Taiwan -- Taiwan's investment regulator approved 21 direct investment projects in Taiwan from mainland China totaling US$6.405 million in January — nearly a 38-percent increase compared to the same month a year ago.
The Investment Commission (投審會) of the Ministry of Economic Affairs (經濟部) released its latest monthly summary on approved investment projects.
Statistics showed that Taiwan-bound investment from mainland China increased year-on-year by 37.86 percent in January.
But investment in the other direction dropped sharply by 55 percent compared to January in 2015, the regulator said.
More Inbound Investment
In January, the Investment Commission gave the green light to 283 foreign direct investment cases worth a combined US$503.289 million.
The number of foreign direct investment projects rose by 2.17 percent compared to January a year earlier, and the total investment amount spiked by 60.71 percent.
The increase was partly driven by inbound investment from mainland China, according to the commission.
In January, the Investment Commission approved 21 projects by mainland Chinese investors in Taiwan, 75 percent more compared to January in 2015.
Total value of the foreign direct investment projects from mainland China in January totaled US$6.4 million, a year-on-year gain of 37.86 percent.
Taiwan's Outbound Investment Drops Sharply
Data from the Investment Commission showed that outbound direct investment by Taiwanese posted a steep drop in January.
Last month, the regulator approved 46 direct investment cases by Taiwanese to countries and regions excluding mainland China.
That's 12.2 percent more than the number of projects approved a year ago in the same month, but their combined investment total plunged by 55.15 percent to US$216.087 million.
Taiwan's outward investment to mainland China also made a weak showing in January, with total investment amount slipping 55.05 percent year-on-year.
The regulator approved 20 applications for Taiwanese investment in mainland China, 35.48 percent fewer cases compared with the same period in 2015.
But the total investment amount shrank to US$328 million in January, representing a year-on-year reduction of 55.04 percent.
Figures are set to climb in February. Earlier this month, the Investment Commission said it had given Semiconductor Manufacturing Co. (TSMC, 台積電) approval to build its first 12-inch fab in mainland China.
The investment project, which will be funded partially through TSMC's overseas subsidiaries, is worth an unprecedented US$3 billion.
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