With the advent of the international financial tsunami, many mainland Taiwanese businessmen who specialize in energy-saving and domestic demand have rushed into the market and invested in the mainland. Changxing Chemical is expected to invest USD 30 million to build an artificial resin plant in Tianjin; the famous LED upstream epitaxial wafer plant, Yuanyuan Optoelectronics, will also invest in the construction of LED testing center.
On the 15th, the Tianjin Municipal Government announced the policy measures for promoting industrial cooperation between Tianjin and Tianjin, encouraging Taiwanese businessmen to invest in the development of Binhai New Area, and also proposed various measures such as tax return and land factory lease subsidies. It is hoped that the international financial tsunami will come to the stage and attract Taiwan. Merchants settled.
Tianjin announced 22 new contracted projects for Taiwanese businessmen yesterday, with a total investment amount of RMB 19.822 billion. New investment or capital increase enterprises, including Yuyuan Optoelectronics, Changxing Chemical, Dacheng Group, Bainaohui, Qunwei, Delta, and Tongtong Chemical, even the Dajia Town of Taichung, also opened the Mazu Economic and Trade Park.
The Tianjin Municipal Government stated that this contractual plan involves many areas such as new technology industry, R&D center, manufacturing, service industry and real estate. Among them, many Taiwanese businessmen are not afraid of the international financial tsunami, and they have invested in the mainland against the trend.
Jian Feng, chairman of Yanyuan Optoelectronics, said that in the past, when the economy was good, Taiwan’s orders could not be completed, and no manpower could be drawn to the mainland to open a testing center. During the financial turmoil, there were extra manpower to make the mainland layout. After the cross-strait three links, it will help the whole bank to cross the strait.
Gao Guolun, the president of the Hong Kong Metropolis and chairman of Changxing Chemical, is also taking advantage of the sluggish external demand. He has quickly laid out the latest Tianjin investment plan for Changchangxing Chemical in the mainland's domestic demand, which is in the Dagang District of Tianjin Binhai New Area, with multiple phases and a total investment of 30 million US dollars. Construction of Changxing's first artificial resin plant in North China.
Gao Guolun said that Changxing Chemical has 12 factories in Changzhou and Pearl River Delta, and Tianjin established its business office seven or eight years ago. In the past few years, the consumer market in North China has gradually grown, and after the direct shipping of the sea, it has helped Changxing Chemical to carry out logistics and freight arrangements throughout the region, taking advantage of this wave of export sluggishness and investing heavily in domestic demand.
He said that to get out of this financial tsunami, it is important to develop the domestic demand market. Now signing the land contract, starting construction after one and a half years, the wave of short-selling boom has also gone by more than half. Changxing is considering the financial situation, judging that now is a good time to invest, maintenance, update can wait, but the cause of innovation is now.
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