Chapter 1104: The Real Reason

[Please keep in mind the domain name of this site" ", or search in Baidu: Sanlian Literature Network]

Rongchang's choice to settle in the mainland also has its considerations. The most important point is that Taiwan's investment environment has undergone relatively big changes, which has made Wang Rongchang, an entrepreneur with a big business, feel some crises, and in addition, the growth rate of investment on the mainland is much higher than that on the island of Taiwan, which has made him have the idea of moving to the mainland. It's just an excuse to stay out of the situation.

Important changes in relations across the Taiwan Strait have taken place in the past two thousand years, in this year. Taiwan underwent its first political party rotation, and the Kuomintang (KMT), which had been in power for the first time, lost power in the general election for the leadership of the Taiwan region to the Democratic Progressive Party, which had only been established for 15 years.

However, after the DPP's A-bian government came to power, during its term of office, it took command with ideology and continued to provoke the mainland authorities on the other side of the strait, and constantly erected obstacles on economic and trade issues, triggering a crisis situation between the two sides of the strait that was about to erupt and deterring many investors.

As a matter of fact, after A-bian was elected leader of the Taiwan region, both the mainland and the international community had expectations for him.

With the support of the concept of deeply cultivating Taiwan and making arrangements for the whole world, the Bian administration has abandoned the mainland economic and trade policy of the Lee Teng-hui period and formulated a mainland economic and trade policy that is active, open, and effectively managed, thus increasing the support of the people during his first term of office.

In particular, at the end of last year, Taiwan and Chinese mainland joined Yang at the same time, and at the beginning of this year, they announced the implementation plan for joining the cross-strait economic and trade policy adjustment, further relaxing the restrictions on investment in capital and technology-based industries to the mainland, and at the same time, opening up the island's investment market to the mainland, such as towels, hairy crabs, imitation fabrics, clothing, and even real estate, can be entered conditionally

。

This change in policy has prompted Taiwan's high-tech industries to shift to the mainland, such as the lowest-end products of the industrial chain, peripheral industries such as specific parts and components, and monitors, and low-end industries such as mobile phone manufacturing.

At the same time, investors who are optimistic about cross-strait relations have also begun to enter Taiwan one after another, hoping to share the benefits of Taiwan's rapid economic development.

However, in the recent stage, in order to avoid excessive immersion and dependence on the mainland market by Taiwan-funded enterprises, it is a hotbed. Ensure the subjectivity of Taiwan's economy, and reinterpret the international thinking of deeply cultivating Taiwan and laying out the world. The Bian government has changed its original economic and trade policy toward the mainland, which was actively open up and effectively managed, to active management. Effectively open up and strengthen the responsibility of management.

Under this policy shift. Taiwan's agricultural products will no longer be exported to the mainland on a large scale, which will also directly affect the vitality and livelihood of Taiwanese farmers, causing rural voters in central and northern China to abandon the DPP government. This policy shift by the Bian administration has plunged Taiwan into the crisis of being marginalized by a globalized economy.

In Fan Wuxi's opinion. In fact, this move of the A-bian government is extremely unwise.

According to the theory of international investment, when the more investment is made in parts, the proportion of buybacks and repurchases by overseas subsidiaries will also be larger, which is consistent with the situation of Taiwanese investment in the mainland during the Lee Teng-hui era.

However, in recent years, Taiwan's products have been close to 50 percent of the sources of supply of components and semi-finished products for Taiwan businessmen in the mainland area, making the mainland the largest source of Taiwan's foreign exchange surplus, and this has also become an inducement for the cross-strait economic and trade imbalance.

The raw materials, components and semi-finished products sold back from the mainland will also help Taiwanese companies reduce operating costs when processing these high-tech products locally.

However, the Bian government's restriction on Taiwan businessmen's investment in the mainland will make it impossible for Taiwan capital to obtain low-cost raw materials from the mainland, and thus lose its competitiveness in international marketing.

With Taiwan's accumulated technology, management capabilities and internationalization. In addition, the advantages of language, culture, and distance between China and the mainland can still attract other European and American enterprises to cooperate with Taiwan capital to jointly set up production bases or open up markets on the mainland, but the Taiwan government has repeatedly obstructed the upper limit of the amount of investment by Taiwan capital, so that European and American enterprises can directly leave Taiwan and directly enter the mainland market. In the past few years, people of insight on the island of Taiwan have always had a sense of crisis that Taiwan has been marginalized, lost the opportunity to play a key role in the global division of labor system, and undermined the confidence of enterprises to stay in Taiwan.

Because of this. International investors have also lowered their expectations for the results of their investments in Taiwan, which has exacerbated the crisis of Taiwan's marginalization.

The feeling of being marginalized is very bad, which means that Taiwan has lost many opportunities for development.

Taiwan's Chung Hwa Institute of Economic Research has conducted a survey and analysis on the willingness of investors inside and outside the island to invest in Taiwan, and found that there are some factors that affect the expected effect of domestic and foreign investors on Taiwan's investment environment to varying degrees, such as the degree of stability of cross-strait political relations, the degree of partisan color of the Taiwan government and the degree of political interference in enterprises, the degree of openness of the Taiwan government to the mainland's economic and trade policies, the market demand for products on the island, and the availability of qualified personnel, and so on.

It can be seen from the priority of these factors that the degree of political and economic stability between the two sides of the strait actually has a profound impact on investors' expectations and confidence in Taiwan's entire investment environment.

Three-way direct flight or not. It also affects investors' consideration of the cost of "traveling to and from Taiwan, because as the world's factory, Shenjian Bayi is all over the world. The region produces low-quality products, and Taiwan is a center for deep processing, logistics and transportation, as well as R&D and design. The transportation cost of each time the goods are repurchased from the mainland or sold back to Taiwan must be carefully considered, and whether or not to charter a direct flight is the main factor that profoundly affects the cost of investors.

As for the island's own tax rate, the ease of land acquisition, the ability to supply high-quality talents, the ability to consume products, the degree of restrictions imposed by laws and regulations, and the efficiency of government administration, these are all compromises between the government, the private sector, and investors, and they are all matters that can be resolved through negotiation on the island. Whether or not they are broad-minded enough to realize that the stability of cross-strait political and economic relations determines the future and destiny of the island's economic development, and whether they have an international outlook and international thinking so that they can find out the key factors that influence foreign investment in Taiwan.

Seriously. A ruler with great wisdom should see what is the most critical factor in determining the quality of the local investment environment, instead of putting the cart before the horse and strengthening the blessing and improvement of side factors. So much so that the decisive factors are ignored.

Taiwan's investment environment is affected by cross-strait political relations and the party's nature of the ruling party on the island, which makes the effect of the superstructure acting on the economic foundation to the maximum, so that the slight changes in the political situation on both sides of the strait and the turmoil in the political situation on the island will greatly affect the rise or fall of the weighted index of the Taipei stock market, and will also affect every rating of foreign capital on Taiwan's investment environment. It will also affect the confidence of the people on the island in Taiwan's future and the decision to consider whether to move their families away from Taiwan.

For example, Wang Rongchang, an entrepreneur with important influence on the island, has moved to the mainland at this time to settle down at home, which is very telling, and at least it can also show that the A-bian government is unpopular and has hindered the way for their industrial and commercial colleagues on the island to make a fortune, so that there have been many complaints and people's hearts have turned away.

Last year, the output value of Taiwan's chip industry, which Wang Rongchang is most concerned about, decreased by nearly 30% compared with the previous year, about 16 billion US dollars, and fell behind South Korea. Taiwan's chip foundry supply has fallen from 77 percent of the world's supply in 2,000 years to 73 percent. This shows that it is losing its former low-cost advantage in the face of the increasingly open mainland of the motherland.

And some data also show that the sluggish demand around the world was the main reason for the recession of Taiwan's chip industry last year. The poor sales of chip designers and integrated device manufacturers around the world have led to a decrease in the production capacity utilization rate of Taiwan's chip foundry suppliers, and oversupply is the main reason for the recession of Taiwan's memory industry, memory chips have always been the focus of Taiwan's entire chip industry, which can account for a quarter of the market share, so this has a great impact.

As the overall prospects of the chip industry are still weak, some research institutions have also judged that this part of the Taiwan market will only show a small growth this year, and will not achieve much success.

However, the reason that prompted Wang Jianchang to quickly make the decision to move to the mainland was that there was another hidden reason.

In the subsequent communication between Wang Rongchang and Panasonic without disease, Wang Rongchang provided a very important information, that is, TSMC's Zhang Zhongmou plans to enter the mainland market and build an eight-inch wafer factory.

"Zhang Zhongmou?" Fan Wuxi was stunned for a moment, and seemed to feel that this name was a little familiar.

"It's that TSMC's boss Wang Rongchang is not familiar with Zhang Zhongmou because of Fan Wuxi, but there is no big surprise. After all, Fan Wuxian has always been committed to the high-end route. He doesn't know much about things on the island of Taiwan, so he doesn't mind giving a more detailed explanation to Fan Wuji.

It seems that it is not appropriate to say that Zhang Zhongmou is the boss of TSMC, but Zhang Zhongmou is the founder of TSMC, so no one will object, in fact, Zhang Zhongmou has long had an important position in the chip industry on the island of Taiwan.

"TSMC is the world's largest wafer foundry, and there are many investors who have made a lot of money investing in TSMC. Five years ago, I bought about NT$4 million in TSMC stock for a long-term investment, and now it has a market value of almost NT$300 million, which shows that TSMC is a very successful company. Wang Rongchang said to Fan Wuxi, "At the end of January last year, Zhang Zhongmou, who was 70 years old, married Miss Zhang Shufen, who had been in love for 15 years, and more than 10 years younger than him, which also became a very sensational news on the island. ”

"Oh" Fan Wuxian nodded, thinking that obviously this old man was also a very interesting character, "So, are you worried that Zhang Zhongmou will come to the mainland to develop and steal your limelight?"

There are no pop-ups