Taiwan's intelligence chief yesterday warned that one in every three Taiwanese companies based in China are facing closure this year due to rapidly decreasing profits, a media reports said.
Another 30 percent of Taiwanese firms are also “struggling” in China, Tsai Der-sheng, head of the National Security Bureau, told a parliamentary session without giving details, the United Evening News reported.
“There is both risk and opportunity to invest in China. However, we can not deny the benefits of economic exchanges between Taiwan and China despite the growing risks,” he was quoted by Taiwanese news radio BCC as saying.
The bureau's officials were not immediately available for comment.
Taiwanese firms are facing rising labor costs in China since 2008 under new rules requiring fewer working hours and higher pay, according to a report by the bureau cited by the media....MORE
Friday, September 28, 2012
Hard Landing: "One-third of Taiwan firms in China face closure"
From the China Post: