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Taiwan to cautiously open more sectors to Chinese investors: minister

Taiwan to cautiously open more sectors to Chinese investors: minister

Taiwan will cautiously widen the areas of investment open to Chinese investors, said Economic Affairs Minister John Deng in Taipei on Thursday.

In response to calls from China's Association for Relations Across the Taiwan Straits (ARATS) President Cheng Deming for a relaxation of Chinese investments in Taiwan, Deng said that Taiwan should further open its door step by step.

Asked about his earlier remarks that he hoped to ease the rule on Chinese companies taking stakes in semiconductor design companies before his term ends, Deng said that was a goal, but that any relaxing of current regulations would need to be carefully managed.

The proposed opening is highly controversial on the island because opponents are afraid Taiwan's most competitive skills will be transferred to China.

To ward off their worries, Deng stressed that the government will adjust its proposals to open more business sectors to Chinese investors based on the needs of Taiwan's industries and competition in the global market.

Asked if he can foresee the inking of a trade-in-goods agreement between Taiwan and China during his term, the minister said what matters most is how to let the agreement enter into force to let Taiwan's businesses enjoy the benefits.

Taiwan and China completed a 12th round of negotiations on the trade-in-goods agreement in November, but the talks stalled when Taipei turned down Beijing's request for a lifting of import bans on Chinese farm produce. (By Huang Chiao-wen and Lee Mei-yu)

Updated : 2021-09-24 08:50 GMT+08:00