Rolls of steel are stacked inside the China Steel Corporation factory, in Kaohsiung, southern Taiwan. Photo: Reuters
US-China trade war damages export powerhouse Taiwan’s growth prospects, as global demand softens
- Taiwan’s exports fell for the fifth straight month in March, with the country vulnerable to global demand shifts offshore
- Exports cover 77 per cent of Taiwan’s GDP, an estimated US$595 billion in 2019
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US-China trade war
Rolls of steel are stacked inside the China Steel Corporation factory, in Kaohsiung, southern Taiwan. Photo: Reuters
Bicycle producer Giant Manufacturing are among the 28 applicants who have applied for reinvestment in Taiwan over the past three months. Photo: N.B Brecelj
Taiwan is finally luring companies back from China after more than 15 years of trying
- Higher costs and dodging trade tariffs from the US-China trade war are key reasons for Taiwanese firms moving back home
- Since January, 14 firms have applied to invest (US$1.29 billion) which would create 4,400 jobs, with 14 projects pending approval
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China economy
Bicycle producer Giant Manufacturing are among the 28 applicants who have applied for reinvestment in Taiwan over the past three months. Photo: N.B Brecelj