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Article: EXPORT-ORIENTED TAIWAN BUSINESS SEEKS BREAKTHROUGH IN CHINA.
- Article from:
- AsiaPulse News
- Article date:
- May 11, 2009
CopyrightCOPYRIGHT 2009 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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BEIJING, May 11 Asia Pulse - As orders from North America and Europe shrink amid the global downturn, many Taiwan businesses are restructuring their strategies and the Chinese market is moving up in their agenda.
Tu Chi-bing is running an aluminum alloy plate factory for Taiwanese bicycle company Giant in Kunshan city of eastern Jiangsu Province, which produces 40,000 tonnes of plates annually.
While a large portion of the products are sold to developed countries, he found that business potential in China's commercial aircraft industry has just taken off.
The mainland has invested about 50-60 billion yuan (US$7.25-8.7 billion) in developing ...