Taiwan’s Investment Into China Plunges to Lowest in Two Decades
- Fresh spending slid 39.8% year-on-year, official data show
- Companies increasingly worried about US-China tech dispute
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Taiwanese firms slashed investment into China last year to the lowest since 2001, a sign the companies are moving to protect themselves as tech disputes between Washington and Beijing escalate.
New spending into China by Taiwan companies declined 39.8% year-on-year to $3.04 billion, the Ministry of Economic Affairs in Taipei said in a statement.