Taiwan may ease controls on high-tech investment in China
Taiwan is close to easing curbs on local firms investing in high-tech companies in China, the island's economics minister said Tuesday, in a sign of improving ties despite recent spats with the mainland.
The long-standing controls on investment in China are now under government review and could be relaxed before the end of 2009, Shih Yen-hsiang told parliament.
"The discussions will not take a long time. We expect there will be a conclusion before year's end," he said in response to a question from a lawmaker.
The lifting of restrictions referred to by Shih would apply to high-tech industries in particular, said Huang Hsien-lin, an economics ministry official.
The Commercial Times earlier Tuesday also reported plans by the ministry to allow Chinese investors to buy stakes in Taiwanese flat panel and microchip makers.
Calls for easing controls on high-tech investment in the mainland have been mounting among local industry players as they claim their competitors from South Korea and Japan have been stepping up activity there.
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