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.”
- UK think tank warns gov't peak of living standards crisis if COVID-19 benefits terminated
- United Nations ESCAP partners with SEAF to launch the Women’s Economic Empowerment Fund
- S Korean gyms, cafes sue government over losses amid COVID-19 restrictions: Reports
- United Nations launches a Women Enterprise Recovery Fund
- Elon Musk becomes world's wealthiest person in Bloomberg Billionaires Index