Yiin made the remarks while answering reporters’ questions following a seminar on reducing the digital gap in Taiwan’s industry, hosted by the Ministry of Economic Affairs (MOEA).

According to Yiin, the MOEA is slated to complete plans to ease the current cap on China-bound investments by Taiwan-based companies by the end of this month.

As soon as the projected measures are approved by the Executive Yuan, the MOEA will put them in place as quickly as possible, and ensuing structural changes in cross-strait economic relations will occur within a year, Yiin said.

One of President Ma Ying-jeou’s campaign promises was to relax restrictions on Taiwanese enterprises’ investments in China. At present, Taiwan-based businesses are limited to investments in China of no more than 40 percent of their net asset values.

Ma has delivered on his key campaign promises of setting up direct weekend charters flights between Taiwan and China and the admission of a larger daily number of Chinese tourist into Taiwan.

Last Friday, more than 700 Chinese visitors arrived in Taiwan on the landmark nonstop charter flights from five Chinese cities — Beijing, Nanjing, Shanghai, Xiamen and Guangzhou.

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