Taiwan to continue shifting investment away from China
TAIPEI -- Taiwanese companies invested more in Southeast and South Asia than in China for the first time in 2022, a cabinet minister told Nikkei Asia, as Beijing flexes its economic might to pressure voters ahead of Taiwan's presidential election.
In an exclusive interview, Taiwan's Minister of Economic Affairs Wang Mei-hua called this investment move a significant milestone in President Tsai Ing-wen's efforts to pivot to the region and away from China under the New Southbound Policy launched in 2016.
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