Restrictions on Chinese investment to be eased

Kao Koong-lian, vice chairman of the semi-official Straits Exchange Foundation, said Taiwan's policy has been set to gradually open its door to Chinese investment.

“But considering Taiwan's environment, the opening will only take place step by step, Kao said.

Kao, who led the first delegation to visit China since the two countries signed an economic cooperation framework agreement in late June, made the remarks during a seminar with Taiwanese businessmen in Shanghai.

Kao has visited Hangzhou, Jiaxing and Shanghai in recent days to spread the message that Chinese investment was welcomed in Taiwan, but Lu Xiaoyan, deputy head of the Shanghai Taiwanese Compatriots Invested Enterprise Association, said Taiwan has placed too many restrictions on Chinese investment.

He cited as an example Taiwan's ban on Chinese state-owned businesses from investing in Taiwan, but he said that in fact the only major Chinese businesses capable of investing overseas are state-owned firms.

Kao also expressed concerns to his counterpart, Li Yafei, vice president of the Association for Relations Across the Taiwan Straits, over the high airfares of direct cross-strait flights.

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