Taiwan may relax tough rules restricting mainland Chinese investment in its technology sector by the end of the year “at the earliest”, according to Shih Yen-shiang.
Mr Shih, appointed minister of economic affairs this month after a cabinet reshuffle, said yesterday that the review would also consider whether to allow Taiwanese semiconductor and flat-panel makers to pursue mergers and acquisitions on the mainland and set up more advanced manufacturing facilities than current provisions allow.
The mooted liberalisation comes as China's demand for electronic goods is driving much of the recovery in Taiwan's technology industry.
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