JACK HUANG ACT IN ENGLISH: “Quite a bit of the investment dollars, either from the Chinese companies or from the Chinese government wealth fund, they will find a decent percentage of that include Taiwan stocks. All things considered, Taiwan stocks are undervalued, Taiwan companies are fundamentally sound.”
Taiwan’s economy is over four hundred thirty billion dollars. Taiwan permits Chinese investors to buy directly into Taiwanese companies in two hundred forty-seven industries. They can also buy up to a ten percent share in most companies.
Experts in Taiwan say China wants to invest in the island to support efforts at political reunification. The Nationalist Party, or KMT, of Chiang Kai-shek went to Taiwan at the end of the country’s civil war in the nineteen forties.
Today, Taiwan has several political parties. The main opposition party held power for eight years starting in two thousand. President Ma Ying-jeou of the KMT has sought closer economic ties with the mainland. In twenty-ten, China invested one billion dollars in Taiwan in 2010 after a deal that year reduced tax rates.
And that's the VOA Special English Economics Report. For transcripts, MP3s and now PDFs of our programs for e-readers, go to voaspecialenglish.com. I’m Mario Ritter.
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2013-11-25
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