Taiwan firms migrate to Southeast Asia from China
Driven by the zero-Covid policy, slowing economic growth and fear of a cross-Straits war, the migration of Taiwan firms to Southeast Asia is accelerating. They are being encouraged by their government.
In September 2016, the Taiwan government launched the New Southbound Policy, to reduce dependence on China and improve links with Southeast Asian countries with whom it has no diplomatic relations.
The Policy covers 18 countries: Thailand, Indonesia, Philippines, Malaysia, Singapore, Brunei, Vietnam, Myanmar, Cambodia, Laos, India, Pakistan, Bangladesh, Nepal, Sri Lanka, Bhutan, Australia and New Zealand. ...