Alexa
  • Directory of Taiwan

Chinese encouraged to invest in Taiwan amid growing consumer power

Chinese encouraged to invest in Taiwan amid growing consumer power

Beijing, Jan. 22 (CNA) A Taiwanese scholar encouraged Chinese people Tuesday to invest in Taiwan's real estate and stock markets as their consumer power becomes ever-stronger. With their increasing consumption power, now is the best time for Chinese people to invest in Taiwan, Shia Ben-chang, a professor at the Department of Statistics and Information Science of Taipei-based Fu Jen Catholic University, said while releasing the results of a study on the average city consumption power (CCP) of Taiwan and China. Citing data from the research study conducted by Shia's department and Fu Jen's College of Management, Shia said Taiwan's general CCP was predicted to reach NT$5.6 trillion (US$193 billion) this year, representing growth of 1.36 percent over 2012, while that of China is forecast to grow to 14.72 trillion yuan (US$2.3 trillion), marking an 8.2 percent rise from the previous year. In some districts of Beijing, Shanghai and Guangzhou, the cities in China with the strongest economic power, prices of commodities and property, and even workers' wages, have increased to levels higher than in Taiwan, Shia said. However, in comparison, he went on, the quality of Taiwanese products, property and workers is better, so that "now is the best time to invest in Taiwan," particularly in terms of real estate and stocks. In the Fu Jen study, Shanghai's CCP was estimated at 664.5 billion yuan in 2013, the highest among all major Chinese cities. Beijing ranked second with a CCP forecast of 660 billion yuan, followed by Guangzhou (365.4 billion), Tianjin (363.2 billion) and Chongqing (289.1 billion). The CCP is a composite indicator used to evaluate the general consumption power of cities. It is calculated by multiplying the personal consumption power (PCP) index and the population of the targeted city. The PCP is quantified with figures in terms of city population, total retail amount of consumption products, per capita disposable income, consumption expenditure and non-consumption expenditure. (By Tsai Su-jung and Elizabeth Hsu)


Updated : 2021-10-18 04:20 GMT+08:00