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
Topic |   US-China trade war

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Rolls of steel are stacked inside the China Steel Corporation factory, in Kaohsiung, southern Taiwan. Photo: Reuters
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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
Topic |   China economy

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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
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