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Taiwan opens door for Chinese investment

Taiwan opens door for Chinese investment

Taiwan says it is opening key parts of the island's manufacturing and service sectors to Chinese investment, as another barrier falls between the once bitter foes.
The new investment rules announced Tuesday are part of President Ma Ying-jeou's ambitious effort to move Taiwan's economy closer to that of China, and foster a dialogue aimed at ending six decades of mutual bitterness and distrust.
Under the new rules, Chinese companies will be able to invest in 100 categories of local business, including computer components, cell phones, car making and building of resort hotels and commercial ports.
But to safeguard the island's secrets, Taiwan is keeping the semiconductor, flat panel display, solar panel making and communications sectors to itself.


Updated : 2021-02-25 16:15 GMT+08:00