CHINA’S Industry Minister, Miao Wei, said on Saturday that self-ruled Taiwan should be more open to Chinese investment after two high-profile cross-Taiwan Strait deals fell through
CHINA’S Industry Minister, Miao Wei, said on Saturday that self-ruled Taiwan should be more open to Chinese investment after two high-profile cross-Taiwan Strait deals fell through.
Taiwan’s ChipMOS Technologies in November said it had scrapped a planned US$373 million stake sale to China’s Tsinghua Unigroup due to uncertainty about Taiwanese regulatory clearance. It’s the second deal in as many months between the mainland’s Unigroup and a Taiwanese firm to fall through.
The share sale was spiked due to political considerations, industry analysts said, following intense scrutiny when the independence-leaning Democratic Progressive Party (DPP) came to power in Taiwan last year.
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Speaking on the sidelines of the annual meeting of China’s parliament, Miao said economic cooperation between both sides of the Taiwan Strait have made huge progress in the last three decades since the two began a detente.
