Mainland invests $69m in Taiwan since June (Xinhua)
TAIPEI: Since it opened up the island to the mainland investment in June last year, the Taiwan authority had approved 38 investment projects from the mainland totaling $68.68 million by the end of February.
According to the Taiwan economic authorities, the majority of investment went to computers, electronic and optical products manufacturing, which made up 53 percent of the total investment, it said.
Taiwan opened up the island to Chinese mainland investment on June 30, 2009, with 100 categories of manufacturing, service and infrastructure sectors in the initial opening-up list, which was a historic breakthrough in realizing two-way cross-Straits investments.
The Taiwan authority green-lighted $1.372 billion of investment to the mainland in the first two months of 2010, up by 57 percent year-on-year, according to the Taiwan economic authorities.
The mainland has been the largest trade partner of Taiwan since 2003, with annual trading volume surpassing $100 billion.
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