Taiwan invests US$3.4bln in Chinese mainland: official

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Last updated at: (Beijing Time) Thursday, February 26, 2004

Taiwan invests US$3.4bln in Chinese mainland: official

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The actual investment from Taiwan in the Chinese mainland totaled 3.4 billion US dollars in 2003, while indirect trade volume between the mainland and Taiwan reached 58.4 billion US dollars, exceeding 50 billion US dollars for the first time in history, an official said Wednesday.

To date, the mainland had hosted 60,623 Taiwanese-funded enterprises by the end of 2003, involving 70 billion US dollars in contractual terms and 36.5 billion US dollars in actual investment.

Before China introduced reform and opening up to the outside world in 1978, China used little direct investment from outside the mainland, including Taiwan, which is separated from the mainland by the Taiwan Straits.

The official said stability and peaceful relations across the Taiwan Straits is needed for cross-strait economic exchanges and cooperation.

Despite booming economic exchanges across the Taiwan Straits, cross-strait tensions were heightened due to Taiwan authorities' pursuit independence in the past several years.

He promised continued efforts by the Chinese mainland to protect the legitimate interests of Taiwanese investors and promote cross-strait economic and social exchanges, including helping eligible Taiwanese firms get listed on the mainland stock market.

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