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More Taiwan businesses have invested in the Chinese mainland and the ratio of Taiwan firms which manage to earn profits from mainland operations has increased, according to reports reaching from Taipei Monday.
The reports quoting the results of a poll released Monday as saying that 73.6 percent of the Taiwan companies with overseas investments have invested in the Chinese mainland in 2000, up 4.5 percentage points from 1999.
The poll also found that 39.4 percent of Taiwan-financed companies managed to post earnings from their mainland operations last year, compared to 30.7 percent that said their mainland businesses were still operating in the red.
This is the first time that the ratio of profitable mainland operations exceeded that of money-losing businesses, the reports quoted Taiwan officials as saying.
The survey, which inquired about some 2,000 companies with overseas investments, further discovered that Taiwan-financed firms on the mainland have become less dependent on Taiwan for the supplies of raw materials, parts or semi-finished products.
Only 43.2 percent said they relied on Taiwan for the supplies of raw materials and semi-finished products, compared to 44.7 percent who said they secured raw materials and parts from the mainland market.
(Xinhua 04/02/2001)
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