Taiwan investment in China plummets as it soars in U.S. and Germany

Mainland's appeal ebbs amid flagging economy and rising tensions

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Taiwan Semiconductor Manufacturing Co. has stepped up investment in such destinations as the U.S. and Europe. (Photo by Shinya Sawai)

HIDEAKI RYUGEN, Nikkei staff writer

TAIPEI -- Taiwanese investment in China plunged in 2023 to just over 10% of the island's total outbound direct investment, the lowest share in decades and well below its fast-growing spending in the U.S. and Germany.

Even as Taiwan's approved foreign direct investment between January and November jumped 87% on the year to $25.7 billion, investment in China slumped 34% to $2.9 billion, making up just 12% of the total, official Taiwanese data shows.

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