Mainland investment in Taiwan hits 1.1 bln USD

TAIPEI, Nov. 20 (Xinhua) -- Investment in Taiwan from the Chinese mainland reached 1.181 billion U.S. dollars since the island opened its door to mainland investors in 2009, according to figures released by Taiwan's economic authority on Thursday.

A total of 595 investment projects from mainland businesses were given the green light during the same period.

Statistics show that in the first ten months of 2014, Taiwan approved 112 projects invested by mainland businesses, a 1.82-percent increase year on year, with investment reaching 316.5 million U.S. Dollars, down 5.4 percent from the same period of last year.

Experts said mainland investment in Taiwan, which mainly focuses on banking and aviation, came in below expectations.

"More efforts are needed to improve cross-Strait ties and build up a new investment environment for investors," said Tung Chen-yuan, a professor in cross-Strait relations at Taiwan's Chengchi University.

In the meantime, 335 Taiwan investment projects on the mainland were approved by the island in the first ten months of the year, down 5.1 percent year on year. The investment totaled 7.828 billion U.S. dollars, a 11.71-percent increase from the same period of 2013.

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