Taiwan Investment Grows

An effort to attract more foreign investment to Taiwan is showing signs of success. For the first five months of this year, Taiwan reported $832.9 million in new investment, 82% more than during the same period last year. U.S. investors led the pack with $257.2 million, triple the amount invested a year earlier. But foreign executives say that those numbers would be much bigger were it not for such hassles as high taxes, summer power shortages, and trade restrictions with China. There will have to be improvement in these areas if Taiwan is to take full advantage of worries about China's takeover of Hong Kong in 1997.

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