TAIWAN'S FPG SCRAPS CHINA PROJECT

Taiwan's Formosa Plastics Group has confirmed plans to suspend all its plans for investment in China's petrochemical sector, including a proposed $6-7 billion petrochemical complex at the port of Xiamen, Fujian province. Earlier press reports pointed to the suspension, but FPG would not comment at the time (OGJ, Sept. 21, Newsletter). It would have been Taiwan's biggest single investment in China. Taiwanese investments in China since relations improved in the late 1980s total more

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