The Ministry of Economic Affairs yesterday announced a draft bill that would ban Chinese-funded companies from operating research and development (R&D) offices in Taiwan, while toughening rules governing Chinese for-profit businesses establishing subsidiaries in the nation.
The draft amendments to the Measures to Approve Chinese For-profit Businesses Establishing Subsidiaries or Offices in Taiwan (大陸地區之營利事業在臺設立分公司或辦事處許可辦法) state that no Chinese-funded companies may perform R&D activities in Taiwan, with the bill defining “research” as “conducting or compiling market-related analysis and statistics,” the ministry said.
If passed, the bill would change the name of the law to Measures for Approving Chinese For-profit Businesses or its For-profit
NATIONAL ASSETS: Amendments proposed by the Ministry of Economic Affairs seek to clamp down on Chinese companies opening offices to poach Taiwanese tech talentBy Huang Pei-chun and Jake Chung / Staff reporter, with staff writer