In the first half of 2009, under the affection of global financial crisis, the industrial output and import & export volume in Shanghai has shown a clear decline. However, the investment of Taiwan investor has still maintained steady development. From January to May, 118 Taiwan-invested projects were newly approved in Shanghai, 10 of which were large projects with over USD10m investment, and the contractual Taiwan capital was USD853m.
According to research carried out by the city’s relevant government departments in over one hundred Taiwan-funded enterprises in Shanghai, many companies were transformed from single manufacturing enterprises to manufacturing & service enterprises. And the structure of manufacturing industry also appeared trend to high-end development. After the industrial structure adjustment, the performance of many export enterprises began to rebound. It was predicted by relevant person in Shanghai’s economic department that the output and output value of the city’s Taiwan-funded enterprises this year was expected to maintain last year’s level. According to the statistics, as of the end of May this year, Shanghai cumulatively approved a total of 7,467 Taiwan-funded projects, 491 projects of which were with investment over USD10m, and the contractual Taiwan capital was USD21.977b.
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