Taiwan opens its manufacturing sector to Chinese investment
The Kuomintang Government of President Ma Ying-jeou plans to make Taiwan’s manufacturing sector available to Chinese investment.
The Kuomintang Government of President Ma Ying-jeou plans to make Taiwan’s manufacturing sector available to Chinese investment . Since taking office in May, Ying-jeou has modified or eliminated 32 policies, which restrict trade, investment and contact with China. Now Chen Tain-jy, chairman of Taiwan's Council for Economic Planning and Development, says the island state plans to scrap or relax another 67 restrictive policies by the year's end. The most important will open Taiwan's "productive sectors" to investment by Chinese companies, and relax restrictions on Taiwanese companies investing in China, so they can shift most of their manufacturing jobs to the mainland.
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Annual Salary Survey
Before the calendar turned, 2016 already had the makings of a pivotal year for manufacturing, and for the world.
There were the big events for the year, including the United States as Partner Country at Hannover Messe in April and the 2016 International Manufacturing Technology Show in Chicago in September. There's also the matter of the U.S. presidential elections in November, which promise to shape policy in manufacturing for years to come.
But the year started with global economic turmoil, as a slowdown in Chinese manufacturing triggered a worldwide stock hiccup that sent values plummeting. The continued plunge in world oil prices has resulted in a slowdown in exploration and, by extension, the manufacture of exploration equipment.
Read more: 2015 Salary Survey