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

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