Just Earth News | @justearthnews | 02 Jan 2021, 12:24 pm Print
China-Taiwan Image: Pixabay
Taipei: Taiwan's Ministry of Economic Affairs has tightened control on Chinese investments in Taiwan due to national security concerns, media reports said.
The country is following the same measure against Beijing as followed by US and Japan.
Based on new regulations, Chinese military-owned companies and Chinese Communist Party-owned companies are banned from investing in Taiwan, reports Taipei Times.
The regulations took effect yesterday, the ministry was quoted as saying by the newspaper.
There is a worldwide trend of scrutinizing investments from China more closely due to concerns that China could gain access to key technologies and information, Investment Commission spokesman Su Chi-yen was quoted as saying by the newspaper.
“The US, Germany, Japan and Australia have all been regulating Chinese investments more strictly, not just Taiwan,” Su said. “Protecting business intelligence is a matter of national security.”
- Google job paying Rs 3.3 Crore was his dream—Then he quit to build a startup
- GTA 6 hit by major security breach? Full Leonida map and gameplay leak online
- World’s largest battery-electric aircraft takes flight — And it cost just $5 in electricity
- Samsung teams up with Call of Duty: Modern Warfare 4 in major gaming partnership. All details here
- Nearly 40,000 SafePal customers hit by data breach—Here’s what hackers got
-1786284396.jpg "Image of the day: August 9, 2026")
-1785937004.jpg "Image of the day: August 5, 2026")