TAIPEI - Taiwan's government said Saturday
that Chinese firms had invested around $184 million (S$235 million) on the
island since it relaxed rules on mainland investment in mid-2009 amid warming
relations.
A total of 204 Chinese companies have set up
subsidiaries on the island or invested in local firms in less than three years
in a sign of closer trade ties, said the Mainland Affairs Council.
Chinese investors are permitted to buy into
nearly 250 categories in the island's manufacturing, service and infrastructure
sectors, according to the council, Taiwan's top China policy-making body.
"The government will continue to attract
more mainland investors to Taiwan to promote balanced development in bilateral
trade," it said in a statement.
Taiwanese companies have for years invested
huge sums in China. Last year, the island's authorities approved 575
China-bound investment cases totalling $13.1 billion.
Ties with China have improved markedly since
Beijing-friendly Ma Ying-jeou became Taiwan's president in 2008. He was
re-elected last week for a second four-year term.
Officially, Beijing still views Taiwan as part
of its territory awaiting reunification, by force if necessary. The two sides
have been governed separately since they split after a civil war in 1949.
AFP
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