Both inward and outward foreign direct investment (FDI) decreased in the first seven months of 2008, according to a report released this week by the Ministry of Economic Affairs.
During the January-July period, inward FDI approved by the government amounted to US$4.2 billion, down 41.53 percent from the same period last year, and registered outward FDI amounted to US$2.41 billion, a drop of 18.25 percent year-on-year, statistics from the ministry's Investment Commission showed.
New securities issued overseas by Taiwan-based listed companies amounted to US$1.07 billion during the same period, and foreign investors remitted a net amount of US$5.97 billion into Taiwan for investment in the stock market, according to data from the Securities and Futures Bureau under the Financial Supervisory Commission.
In terms of major China-bound investment projects worth over US$200,000, a total of 335 such projects were approved by the commission during the first seven months of this year, with a total value of US$5.16 billion, the report stated.
Although the number of such projects dropped 43.51 percent compared with the same period last year, their total value marked a year-on-year increase of 6.77 percent, the report said.
The approved projects included 26 investments worth US$387.65 million in July, it said.
For China-bound projects worth no more than US$200,000, Taiwanese businesses reported 144 such investments worth US$18.97 million in the first seven months of the year, according to the report.