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Cross-strait relations may be on the boil,
however it still has not deterred Taiwanese businesses from pouring ever more
investment money into mainland projects.
Last year, the mainland accounted for about two-thirds of all Taiwanese foreign
investment - almost double the percentage figure of just four years before.
According to statistics from Taiwan's Ministry of Economic Affairs, as reported
by state-run China News Service, mainland investments climbed to US$7.3 billion
(HK$56.94 billion) in 2004, 67.24 percent of the island's total foreign
investment, up from 33.9 percent 2000.
The electronics industry led the charge, spending US$3 billion in the mainland
last year, twice the amount it invested in 2000.
Metals producers came in a distant second, accounting for 9 percent of Taiwanese
investments in the mainland, with chemicals and plastics coming next.
According to the statistics published by the Industrial Development and
Investment Center under the Ministry of Economics Affairs, Taiwan businessmen
have invested US$41.94 billion in 33,314 projects in China since 1991.
olivia.chung@singtaonewscorp.com
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