TAIWAN
From Times Staff and Wire Reports
Overseas Investments Slump: Government approvals of overseas investment by Taiwan businesses declined 42.70% to $74.48 million in October from a year earlier, the Investment Commission said. An increase in unreported investment in mainland China and stepped-up investment at home may have contributed to the decline, economists said. Official statistics on overseas investment are considered only a rough guide to actual investment because of under-reporting for tax purposes by companies.
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