Mainland's investment in Taiwan tops $700m
( Xinhua )
Updated: 2012-11-02
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Investment in Taiwan from the Chinese mainland has reached $722 million since the island opened to mainland investors on June 30, 2009.
As of Monday, mainland authorities have approved 133 cases of mainland-invested enterprises and projects to Taiwan, according to Yang Yi, spokesman for the State Council's Taiwan Affairs Office, at a regular press conference on Oct 31.
Yang was quoting statistics from the Ministry of Commerce.
In the first nine months of 2012, the mainland approved 1,587 investment projects involving $2.16 billion, from Taiwan to the mainland, Yang said.
During that period, trade volume between the mainland and Taiwan reached $121.21 billion, registering a 0.2 percent increase year on year, according to the spokesman.
The value of imports from Taiwan was $95.46 billion and the exports to the island was $25.75 billion , Yang said.
The spokesman also clarified a recent rumor, which claimed that food and beverage manufacturer Master Kong was a Japanese enterprise. He said it was a Taiwan-based brand.
However, the spokesman stressed that the Hong Kong-listed company has equity investments from various parties.
Earlier rumors claiming that Master Kong was a Japanese brand spread amid the row between China and Japan over the Diaoyu Islands.