The growth in investments in fixed assets in China proved to be a boon to Taiwan companies in relevant sectors like glass and cement during 2004. The government of Taiwan requires all companies listed on the Taiwan Stock Exchange to report the net earnings on their business in China, and a look at those reports reveals that firms in construction materials sectors enjoyed higher profits on their investments in China in 2004.
Construction material makers like Taiwan Glass Industry Corp. and Asia Cement Corp. posted double-digit gains in the profitability of their China operations. Chun Yuan Steel Industry Co. reported a whopping 61.8 per cent gain in yearly profits in China in 2004.
