Wealth

Rongchang's choice to settle in Big 6 also had its considerations. One of the most important points is that the investment environment in Taiwan has undergone a relatively large change, making Wang Rongchang, an entrepreneur with a big business, feel some crises, and the increase in investment in Big 6 is much higher than that in Taiwan. He came up with the idea of ​​moving to the Big 6, as for the idleness of the DPP. It's just an excuse to take the opportunity to stay out.

The important changes in the relationship between the Taiwan Straits have been two thousand years, in this year. Taiwan has undergone a secondary party rotation. The Kuomintang, which was in power, lost power to the Democratic Progressive Party, which was only 15 years old, in the election of leaders in the Taiwan region.

After the DPP’s A-bian government came to power, during its term of office, it used ideology in command, continuously provoked the big six authorities on the other side of the strait, and continuously set up obstacles on economic and trade issues, which caused an imminent crisis between the two sides of the strait. The situation has deterred many investors, and the current major international political and economic publications regard Taiwan as a very likely conflict zone.

In fact, after Ah Bian was elected as the leader of the Taiwan region, both the university and the international community had expectations of him.

Supported by the concept of deep cultivation of Taiwan and a global layout, the Bian government abandoned the Big 6 economic and trade policy during Lee Teng-hui’s period, and formulated the Big 6 economic and trade policy of active openness and effective management, which gave him private support during his first term. The rate has increased.

In particular, at the end of last year, Taiwan and China’s Big 6 joined Yang at the same time. At the beginning of this year, Chen Shui-bian announced the implementation plan for the adjustment of economic and trade policies to join the two sides of the Taiwan Strait. The domestic investment market, such as towels, hairy crabs, imitation fabrics, clothing, and even real estate, etc., can all be entered conditionally.

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

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

However, in the most recent stage, in order to avoid excessive immersion and dependence of Taiwan-funded enterprises on the hotbeds of the Big Six markets. Ensure the subjectivity of Taiwan’s economy, and reinterpret the international mindset that deeply cultivates Taiwan and deploys the world. The Bian government has transformed the original active, open, and effectively managed economic and trade policy of the Big 6 into active management. Effective opening up, strengthen management responsibility.

Under this policy change. Taiwan’s agricultural products will no longer be exported to Big 6 on a large scale, which will directly affect the livelihoods and livelihoods of Taiwan farmers, leading to the abandonment of the Democratic Progressive Party government by voters in rural areas in the north-central part of the country. This policy change of the Bian government has plunged Taiwan into a crisis of being marginalized by the global economy.

In Fan Wubing's opinion. This practice of the A-bian government is actually extremely unwise.

According to the theory of international investment, the greater the amount of counterpart investment, the greater the ratio of repurchase to repurchase by overseas subsidiaries, which is consistent with the investment situation of Taiwanese capital in the Lee Teng-hui era.

However, in recent years, among the supply sources of components and semi-finished products for Taiwanese companies in the Big Six regions, Taiwan's products are close to 50%, making Big Six the largest source of Taiwan's foreign exchange surplus, which has also become an incentive for cross-strait economic and trade imbalances.

The raw materials, components, and semi-finished products sold in the Big 6 will also help Taiwanese companies reduce operating costs when processing these high-tech products locally.

However, the Bian government's restrictions on Taiwanese investment in Da-6 will make it impossible for Taiwanese capital to obtain low-cost raw materials from Da-6, thus losing its competitiveness in international marketing.

With Taiwan’s accumulated technology, management capabilities, and internationalization. As well as the advantages of language, culture, and distance from Big Six, it can still attract other European and American companies to cooperate with Taiwanese capital to jointly set up production bases or open up markets in Big Six. However, the Taiwanese government has repeatedly blocked the upper limit of Taiwanese capital’s investment amount. European and American companies can directly leave Taiwan and directly enter the Big 6 markets. In the past few years, people of insight on the island of Taiwan have always had a sense of crisis that Taiwan is marginalized, and they have lost the opportunity to play a key role in the global division of labor. This has even weakened the confidence of enterprises to stay in Taiwan.

Therefore. International investors have also lowered their expectations for the effects of investment 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 a lot of opportunities for exhibitions.

Taiwan’s Zhonghua Economic Research Institute has conducted investigations and analyses on the willingness of investors on and off the island to invest in Taiwan. There are some existing factors that affect the expected effects of domestic and foreign investors on Taiwan’s investment environment to varying degrees, such as cross-strait political relations. The degree of stability of the Taiwanese government, the partisanship of the Taiwanese government and the degree of political intervention in enterprises, the degree of openness of the Taiwanese government to the Big 6 economic and trade policies, the product market demand on the island, and the availability of talents, etc.

It can be seen from the severity of these factors that the degree of political and economic stability on both sides of the strait actually profoundly affects investors’ expectations and confidence in the overall investment environment in Taiwan.

Three direct flights or not. It also affects investors’ consideration of the cost of "things traveling to and from Taiwan," because as the world’s factory, the company produces low-quality goods for all parts of the world. Taiwan is a center for deep processing, logistics, transportation, and research and design. The transportation cost incurred every time the goods are repurchased or sold back to Taiwan must be carefully considered. The direct flight charter flight is the main factor that profoundly affects the cost of investors.

As for the island’s own tax rate, difficulty in obtaining land, high-quality talent supply capacity, product consumption capacity, legal and regulatory restrictions, and government administrative efficiency, these are all related to the search for a balance of interests between the government and the private sector and investors. Compromises are things that can be negotiated and resolved on the island. It depends on whether the ruling government has economic acumen, whether it uses ideology to intervene deeply in economic affairs, and whether it is broad-minded enough to recognize cross-strait political and economic affairs. Whether the relationship is stable or not determines the future and destiny of the island’s economic development, as well as whether it has an international outlook and international thinking so that it can find those key factors that affect foreign investment in Taiwan.

Seriously. A ruler with great wisdom should see what is the most critical factor that determines the pros and cons of the local investment environment, rather than intensifying the blessing and improvement of minor factors by turning the cart before the horse. So much so that the decisive factor is ignored.

Taiwan’s investment environment is affected by the political relations between the two sides of the strait and the party’s nature of the island’s ruling party. This has maximized the effect of the superstructure’s reaction to the economic foundation. This has led to the sudden changes in the political situation on both sides of the strait and the island. The ups and downs of the domestic political situation will greatly affect the sharp rise or fall of the weighted index of the Taipei stock market, and will also affect every foreign investment rating of Taiwan’s investment environment, and will also affect the confidence of the people on the island in the future of Taiwan and whether to consider whether The decision to move the family out of Taiwan.

For example, Wang Rongchang, an entrepreneur who has important influence on the island, moved to Da-6 from home at this time. This can explain the problem. At least it can also show that the unpopularity of the A-bian government has hindered their islands. The wealth of the industry and commerce colleagues in the industry has caused a lot of complaints and divergence.

Last year, the output value of Taiwan’s chip industry, which Wang Rongchang is most concerned about, dropped by about 30% compared with the previous year. At about 16 billion U.S. dollars, it fell behind South Korea. Taiwan's chip foundry supply has fallen from 77% of the world's supply in 2000 to 73%. This shows that it is losing its previous low-cost advantage in the face of the increasingly open motherland.

And some data also show that the sluggish global demand was the main reason for the slump in Taiwan’s chip industry last year. The poor sales of chip designers and integrated device manufacturers worldwide have led to a reduction in the utilization rate of production capacity of Taiwan’s chip foundry suppliers. Oversupply is the main reason for the recession of Taiwan’s memory industry. Memory chips have always been It is 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 market in Taiwan will only see a small growth this year, and will not achieve much.

But the reason that prompted Wang Jian Changxun to make the decision to move to Da-6 is that there are other hidden reasons.

In the subsequent exchanges between Wang Rongchang and Fan Wuyi at Panasonic, Wang Rongchang provided a very important message that Zhang Zhongmou of TSMC intends to enter the Big 6 market and build an eight-inch wafer fab.

"Zhang Zhongmou?" Fan Wubing froze for a moment~www.wuxiamtl.com~ seems to think the name is a bit familiar.

“It’s just that TSMC’s boss Wang Rongchang is not very surprised that Fan Wubing is not familiar with Zhang Zhongmou. After all, Fan Wubing 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 to give Fan Wubing a more detailed explanation.

To say that Zhang Zhongmou is the boss of TSMC seems to be somewhat inappropriate, but Zhang Zhongmou is the founder of TSMC, so no one will object. In fact, Zhang Zhongmou has long been important in the chip industry on the island of Taiwan. Status.

"TSMC is the world's largest wafer foundry. Many investors have made a lot of wealth by investing in TSMC. I bought about NT$4 million in TSMC stock for long-term investment five years ago, and the market value is almost the same now. There are also NT$300 million. This shows that TSMC is a very successful company.” Wang Rongchang said to Fan Wuyin, “At the end of January last year, Zhang Zhongmou, who was already 70 years old, had been in love with him for 15 years. The marriage of Miss Zhang Shufen, who was in her late years, has also become a sensation on the island."

"Oh" Fan Wubing nodded, thinking that obviously this old man is also a very interesting character, "So, you are worried that Zhang Zhongmou will come to the 6th exhibition and steal your limelight?"