Returning Taiwan businesses to invest US$7 billion by year end

  • 20 November, 2019
  • Jake Chen
Economics Minister Shen Jong-chin. (CNA Photo)

Investment from Taiwanese businesses bringing their operations back from China is set to hit NT$225 billion (US$7.4 billion) by the end of the year. That’s according to Economics Minister Shen Jong-chin.

Shen said Wednesday that the ongoing US-China trade war has prompted many Taiwanese businesspeople in China to start investing back home.

Shen said that this year, 29 Taiwanese businesses have together invested around NT$60 billion (US$1.97 billion) in Taiwan. He said these businesses are also in the process of building over 130 factories here. These factories will bring in an additional NT$166 billion in funds.

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