Virus Adds to Asia’s Push to Lure Investment Away From China
- Taiwan firms seek to invest at least $25 billion locally
- Japan sets aside $2.3 billion to help firms move supply chains
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Economic ties between the U.S. and China have been under increasing strain the last few years. The trade war, more scrutiny and controls on investment, national-security concerns and now the pandemic have all been factors in calls for a decoupling between the two largest economies.
Those issues are also having an effect on investment and trade between China and its Asian neighbors, with a number looking to take advantage of the trade war to attract investment, or to deliberately steer their supply chains away from China.