Wednesday, November 29, 2023

Taiwan to continue shifting investment away from China

Taiwan Wants China to Think Twice About an Invasion - The Atlantic 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.
 
Taiwan manufacturers quit China over trade tensions and rising costsIn 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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