Growing Distrust of China Brings $38 Billion Taiwan Windfall
- Taiwan firms bringing investment, production home from China
- $38 billion has been added to the economy since January 2019
Photographer: I-Hwa Cheng/Bloomberg
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Taiwan sits squarely in the middle of the worsening dispute between Beijing and Washington, with many of its companies operating factories in China manufacturing for American companies.
Those tensions are pushing Taiwanese companies to relocate some production back home and also redirect money to factories on their side of the strait. Taiwan’s government has helped with tax breaks and other support, and that investment has cushioned some of the blow from the Covid-19 pandemic.