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Taiwan shifts investment focus from China to U.S., Germany

Reporter Scarlett Yu
Release time:2023/12/30 20:15
Last update time:2023/12/30 20:15
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Taiwan shifts investment focus from China to U.S., Germany (Shutterstock) Taiwan shifts investment focus from China to U.S., Germany
Taiwan shifts investment focus from China to U.S., Germany (Shutterstock)

TAIPEI (TVBS News) — A recent report from Nikkei Asia, released on Friday (Dec.29), reveals a significant shift in Taiwan's overseas investment patterns, with investments in China reaching their lowest point in a decade.

Taiwanese investments in China now account for just over 10 percent of the island's total foreign direct investment, falling 34 percent to US$29 billion this year, making up only 12 percent of the total.

 

Contrastingly, Taiwan's overall foreign direct investments have surged 87 percent to US$257 billion through November.

Also, investments in the United States have increased ninefold to US$96 billion, representing about 37 percent of total outbound investment. Investment in Germany, largely driven by Taiwan Semiconductor Manufacturing Company (TSMC), has increased 25-fold to $39 billion.

Sun Ming-te, director of the Business Development and Research Center at the Taiwan Institute of Economic Research, commented on the trend, suggesting that ongoing U.S.-China tensions could further decrease Taiwan's investments in China.

Taiwan Affairs

#Taiwan investment# overseas investment# direct investment# investment in China# foreign direct investment# investment trends# investment data# Taiwan investment in China# Taiwan investment trends# Taiwan foreign direct investment

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