2023-06-20 03:37:38
The China Credit Information Service (CRIF) released a report this morning (20th) pointing out that Taiwan’s investment in mainland China has changed a lot from before the trade war between the United States and China, and Taiwan’s investment in mainland China has dropped to freezing point. In April this year, the amount of investment in mainland China fell to US$146 million in a single month, a record low since 2002. The possibility of a drop of US$4 billion in investment in mainland China this year cannot be ruled out.
CRIF: Taiwan’s investment in mainland China has dropped to a freezing point in the past 20 years, and it is not ruled out that it will fall below US$4 billion this year.File photo: Central News Agency
According to CRIF, according to the statistics released by the Investment Review Committee of the Ministry of Economic Affairs, Taiwan’s approved investment in mainland China in the first four months of this year was only 904 million U.S. dollars, only higher than the 811 million U.S. dollars in the same period in 2021, the second lowest since 2003. Not only that, the amount of investment in mainland China fell to 146 million US dollars in a single month in April this year, setting a new low for investment in mainland China in a single month since 2002, showing that Taiwan’s investment in mainland China has cooled to freezing point.
CRIF further analyzed that since 2003, Taiwan’s investment in mainland China has fallen below US$200 million for five times. Except for the investment amount dropped to US$196 million in August 2003 21 years ago, the other four times were out of reach. Now in June 2019 and February 2021, only US$174 million will be invested, and the investment amount in February 2022 will drop to US$165 million, and in April 2023, it will reach a new low once more.
CRIF believes that the amount of investment in mainland China in a single month is less than 200 million U.S. dollars, and there have been four times in the past five years. This is not accidental, but shows that Taiwan’s industry has formed a “directional shift” to other regions for new investment in mainland China. New consensus and trends. It does not rule out the possibility that the amount of investment in mainland China will drop by US$4 billion this year.
In addition, the investment income of listed companies in mainland China in 2022 will be NT$528.743 billion, a 14.36% decline compared to 2021; the investment income in mainland China in the first quarter of this year will be NT$79.5 billion, a decline of 26.43% compared to the same period in 2022. It is not difficult to see Clue.
Looking at Taiwan’s foreign investment of US$7.449 billion in the first four months of this year, although TSMC’s investment in the Arizona fab in the United States accounted for US$3.5 billion, even following deducting this capital increase investment project, the amount of foreign investment is still as high as nearly 40. billion, far exceeding the US$904 million invested in mainland China.
In the first four months of the year, the amount of investment in the new southbound countries also reached US$1.685 billion, of which the investment in Singapore alone was US$1.024 billion, which was also higher than that in mainland China. That is to say, in the first four months of this year, Taiwan’s investment in mainland China has fallen behind that of the United States and Singapore.
Faced with such a situation, CRIF pointed out that although mainland China (including Hong Kong) is still the largest export destination for Taiwan’s exports, the proportion of exports to mainland China has dropped to 35.2% since the first five months of this year, which is a new low for the same period since 2004. , reflecting that Taiwan’s strategy of balancing global investment and diversifying export markets has become an irreversible trend.
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Ye Yiru, Special Correspondent of Yahoo Finance: 22 years of experience in financial and mainstream media, from the bubble of Web1.0 in 2000 to Web3.0 in the Meta universe, witnessed the history of the rise and fall of large and small business groups in Taiwan, and experienced five international financial crises. Think that finance is life, omnipresent, no matter how difficult financial management knowledge should be explained in a simple way. No matter you are young or old, you should manage money. If you don’t manage money, money will ignore you.
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