Zhang Rujing want to give up the $1 billion investment in Taiwan can not be blocked flow

In August, because of the investment, the Taiwan authorities of China, IC king, SMIC CEO Zhang Rujing Zhang Rujing said angrily to heavy penalties, to abandon the "Taiwan", caused widespread concern.

In yesterday's "first cross-strait elite forum", the expert said, "if the Taiwan authorities in the economic environment is not open mind, will lead to more Zhang Rujing phenomenon".

The Taiwan authorities of enterprises is emphasized "South strategy" to Southeast Asia, for Taiwanese investment in the mainland design restrictions, but in fact did not prevent the surging tide of Taiwanese investment in mainland china. The report on both sides of the forum shows that a total of $about 100000000000 of Taiwan funded, in a variety of unconventional ways to enter the mainland curve.

Taiwan 40 years of economic planner Ye Wanan regret

"If the past 60 years, according to the change of leaders, is divided into three stages, the economic development of Taiwan, the achievements of the decline and decline." Ye Wanan said at the forum.

Ye Wanan is the Taiwan Institute of economic research consultant, since 1953 to participate in the first phase of the Taiwan economic construction plan for four years, until his retirement in 1992, 40 years in the future economic development of Taiwan in the planning work.

Taiwan from 1951 to 1987, two Jiang Zhuzheng period, the average annual economic growth rate of 9%, is the first in the world; 1988 to 1999, is the history of the Li Denghui administration, the average annual economic growth rate dropped to 6.6% from 2000 to 2004; Chen Shuibian ruled for 5 years, the average annual growth rate fell to 3.3%, far in the fall 8.6%, after. Taiwan has become the last of the four dragons in asia. Taiwan's current economic difficulties, Ye Wanan said: the biggest reason is the development of strategic change. Taiwan by the two Jiang economy oriented to politics." Taiwan's economic growth in the mainland, which is the consensus of experts on the forum Taiwan. The last 5 years, the annual growth rate of Taiwan's economy, the domestic demand in Taiwan under the premise of instability, the vast majority of the contribution from overseas demand, which is dominated by the mainland.

In 2001, the Taiwan authorities have issued 36 "consensus" aimed at easing restrictions on investment in the mainland.

"Four years went by without any real effect." Ye Wanan introduced, such as the relaxation of the mainland asset investment industry, announced the opening of three inch chip factory went to the mainland, the approval of a home, the second, three years have not yet passed the review, packaging testing is still prohibited in the column.

Zhang Rujing was fined, the Taiwan authorities on the grounds that Zhang Rujing has violated the ban on Taiwan, by opening a chip manufacturing plant in mainland China to help the rapid development of the semiconductor industry".

Adventures of Taiwan

However, the real situation of Taiwanese investment in the mainland, the Taiwanese authorities were unexpected, but also far from its original intention. Ye Wanan said the Taiwan "is a adventurous spirit".

As of the end of 2004, the mainland and the Taiwan authorities on the Taiwanese investment in the mainland of the total amount of statistics, are about $40 billion. However, Taiwan folk data show that the actual amount of investment in mainland China, up to 120 billion to $150 billion. 150 billion U.S. dollars, the cumulative amount of foreign investment in Taiwan over the past half of the past 60 years, with official statistics of $about 100000000000.

"Why is there a gap of $about 100000000000? This shows that the mainland market is unable to stop the "temptation"." Macroeconomic Research Institute of the national development and Reform Commission, said Zhang Yansheng, director of the Institute of economics.

Or through the British Vilgin and other tax exempt islands, or Hongkong or Europe and the United States, Taiwan businessmen to enter the mainland market in a variety of unconventional manner.

"Tax havens in the Virgin Islands in the mainland to invest $39 billion, almost 100% from Taiwanese companies; while Hongkong invested $245 billion in the mainland, but also part of Taiwan funded." Ye Wanan said.

Bian Yuyuan, Professor of international business at National Taiwan University, estimates that 75% of Listed Companies in Taiwan, and a total of 60% of non-listed company, have invested in mainland china.

Moreover, Taiwanese investment in the mainland in all aspects of escalating. Single investment from $100 thousand to $2 million 300 thousand, from labor-intensive to capital intensive.

"The advantages of low cost of manpower, land and the late development advantage of the big market are necessary for Taiwan businessmen to form a global competitive advantage." Zhang Yansheng said.

The power of rooting

Bian Yuyuan analysis, Taiwanese investment in the mainland, from the past alone, the development of industrial integration, the formation of communities, such as Kunshan. On the other hand, in the past, Taiwanese investment in the mainland is both at home and abroad (raw materials procurement and sales), and now from procurement to production and sales are in the mainland.

Now often to the mainland Taiwanese 4489, accounting for about 1/5 of the Taiwan population. The long-term presence of businessmen on the mainland have 600 thousand to 1 million people, and Ye Wanan and Yu Yuan believes that Taiwan presents "local" in mainland China, the trend of rooting.

Zhang Rujing is the root of the ultimate sample. There are experts on the forum pointed out: in fact, the Chinese people love to go home nest, but if the Taiwan authorities in the economic environment does not let go of the mentality, will lead to more Zhang Rujing phenomenon."

Taiwan is an important force to promote cross-strait cooperation. Economic interdependence between the two sides is very deep. In the high-tech industry, the two sides have also formed inseparable results." Ye Wanan said.

PFP chairman James Soong said at the forum, hope that through the forum to deepen the implementation of cross-strait folk elite, good talk before the problem. Why choose this point, he said: "the elite is the backbone of the backbone, the elite forum is a long.