Taiwan eyeing end to ban on Chinese petchem investment

Taiwan's Ministry of Economic Affairs is working on a draft amendment that is expected to greatly relax restrictions on investment in mainland China by the island's upstream petrochemical makers.A ministry official said that the new amendment, which requires approval by the ministry's Investment Commission, could remove the blanket ban on Taiwanese investments in China by several key industries, including petrochemicals and petrochemical feedstocks, semiconductors, and notebook computers. Investments would, however, require approval on a case-by-case basis.Under the terms of the proposed amendment, small and medium-sized companies would be allowed to invest a maximum of $60 mi...

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