Taiwan’s Exporters Struggle as Demand from China Falls

Taiwan’s exporters are feeling the pain of China’s economic weakness, with the global slowdown and escalating geopolitical tensions also taking their toll on Asian tech powerhouse.

In a sign of the waning demand, Taiwan export orders plateaued in August from July, with the almost $55 billion in new orders down 20% from the peak in December last year. Orders are a leading indicator of future demand, and the more than 25% drop in orders from mainland China and Hong Kong last month indicate that exports and company revenue are likely to continue weakening.