Chen: China is a black hole for Taiwan's economy

The economic development in mainland China is a 'black hole' for Taiwan's economy which could drain out all of the capital resources on the island, deputy central bank governor Chen Shih-meng warned Wednesday.

Taiwan will face a financial crisis if the government lifts restrictions on investment in the mainland by local enterprises and allow direct trade and commercial links across the strait, Chen said. Taiwan will see an exodus of manufacturing industries to the mainland following the removal

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.