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Taiwan corporate earnings in China drop slightly in 2013
Central News Agency
2014-04-20 08:45 PM
Taipei, April 20 (CNA) Taiwan-listed companies generated less earnings from their investments in China last year than in 2012 because of rising costs and falling sales volumes, according to data from the Financial Supervisory Commission (FSC). The combined earnings of Taiwanese companies' investments in China amounted to NT$145.6 billion (US$4.8 billion) in 2013, a decrease of NT$1.5 billion from 2012, the FSC said in a recent press release. The drop in total earnings resulted from rising production costs of electronics and falling sales volumes amid fierce market competition, the FSC said. A total of 1,122 Taiwanese companies -- 77.54 percent of all local businesses -- had investments in China as of the end of last year, according to the FSC. (By Wu Ching-chun and Jeffrey Wu)
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