Taiwan Investors Favor Eastern Cities

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Last updated at: (Beijing Time) Saturday, August 24, 2002

Taiwan Investors Favor Eastern Cities

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Most of the best cities for Taiwan investment are grouped in East China, according to the 2002 Chinese Mainland Investment Environment and Risks Survey made by the Taiwan Electrical and Electronic Manufacturers' Association (TEEMA).

"We have examined 1998, 1999, and 2000 figures for Taiwan business people who intend to invest in the Chinese mainland, and we have found that more and more Taiwan businessmen choose to invest in the cities in East China, especially Shanghai, Jiangsu and Zhejiang provinces," said Horng-Der Leu, professor of Chung Yuan Christian University in Taiwan and a member of the delegation sent by TEEMA to Nanjing, the capital of East China's Jiangsu Province.

Among the top 10 cities out of 51 they examined, eight are in Jiangsu and Zhejiang provinces. The top eight are, in order of rank, Suzhou, Wuxi, Ningbo, Kunshan, Hangzhou, Yangzhou, Xiaoshan and Fenghua.

Leu said TEEMA evaluated the cities mainly on four indexes based on the needs of Taiwan business people - the city's competitive power, investment environment, risks for investment and recommendations given by Taiwan investors.

The association usually sends its evaluation results to local governments in order to exchange opinions and better communicate with each other.

Rock Hsu, the head of TEEMA, handed their survey report to Jiang Hongkun, vice-mayor of Nanjing and praised the excellent environment of the city.

"Before we thought Nanjing was a centre of administration and culture, but now we find it possesses good transportation, education and tremendous potential business opportunities," he said.

TEEMA delegation member Leu said although Nanjing was ranked 23rd among the 51 cities surveyed, it will make great progress on reducing the risks for investment after China's World Trade Organization (WTO) entry.

"A time-honored city like Nanjing will receive new ideas and make progress much more rapidly than newly developed cities after its entry into the WTO," he said.

Leu also said Taiwan businessmen in advanced technical industries often choose investment locations according to their digital nets and supply chains.

"Nanjing may choose to become the largest production centre for liquid crystal displays," he suggested.

TEEMA, established in 1948, is the largest industrial association in Taiwan which is engaged in more than 20 types of advanced technical industries, including electronics, information and communication.

The total output value of the industries and the relevant upstream and downstream operations in 2001 was US$117.8 billion which accounted 49.3 per cent of the total Taiwan industrial output.

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