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Taiwan Bid to Lure Firms From China Paying Off, Government Says

  • Government seeks to use trade war to reshape economy
  • Minister predicts investment will continue in coming years
A pedestrian holding an umbrella walks past the Taipei 101 building, center, and other commercial buildings in Taipei, Taiwan.

Photographer: Billy H.C. Kwok/Bloomberg

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Taiwan’s push for its companies to invest in advanced manufacturing at home after decades of focusing on China is helping off-set the effects of Beijing’s trade war with the U.S., the government said.