China's strong demand for petrochemicals has attracted investment from many Taiwanese majors. These companies have invested over US$ 6.5 billion in China's petrochemical business over last 15 years. Nearly 60% of petrochemical businesses in Taiwan have shifted investment to China in response to the demand and lower labour costs.
There are no restrictions on either side for private company investments in downstream petrochemical sector. However there is no Taiwanese state run company investing in China
The investment is helping China meet the growing demand due to its booming economy. China imports over 55% of its resins and fiber synthetics from South Korea, Taiwan, Middle East and few South Asian countries.
24-Apr-07 
