Taiwan China-Bound Investment Approvals Down 13 Percent

ECONOPLEX

Taipei (AFP) Nov 21, 2005
Taiwan approved 1,059 applications for China-bound investment worth some 4.72 billion US dollars in the ten months to October, down 13 percent from a year earlier, the Investment Commission said Monday.

During the same period, the commission approved 908 inbound investment applications worth 2.87 billion dollars, down 2.58 percent.

In October alone, 94 China-bound investment applications worth 527 million dollars were approved, compared with 600 million dollars in September.

It said it approved 105 inbound investment applications in October worth 339 million dollars, up from 210 million dollars in September.

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