New government in Taiwan to relax restriction on investments in China

23-Apr-08
Taiwan's new incoming minister of economic affairs plans to allot top priority to relax China bound investments by domestic companies. The current restriction of 40% of a local company's net worth towards China-bound investment will be relaxed. Another key task will be deregulation for certain industry sectors that are still banned from investing in mainland China. The ministry will also review the current ban on China-bound investment in naphtha crackers.
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