Taiwan to continue shifting investment away from China, minister says - Nikkei Asia

index.html - {keywords1}- Speaking at the Taiwan-ASEAN-India Strategic Investment Partnership Forum held in Taipei, Chen said that under the New Southbound Policy, ...


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Taiwan to continue shifting investment away from China, minister says

Southeast and South Asia benefiting as Beijing piles on pressure before elections

Minister of Economic Affairs Wang Mei-hua says Taiwanese companies have reached a milestone in investing more in Southeast and South Asia than China for the first time in 2022. (Photo by Lai Yung-hsiang) THOMPSON CHAU, contributing writer, CHENG TING-FANG and LAULY LI, Nikkei staff writers November 29, 2023 18:05 JST | Taiwan Copy Copied

TAIPEI -- Taiwanese companies invested more in Southeast and South Asia than China for the first time in 2022, a cabinet minister told Nikkei Asia, as Beijing flexes its economic might to pressure voters ahead of Taiwan's presidential election.

"It's the very first time in 2022 that Taiwanese investment in Southeast Asia and South Asia actually outpaced [that going to] China," Taiwan's Minister of Economic Affairs Wang Mei-hua said in an exclusive interview on Tuesday. "We think the trend will only continue because of the push from the U.S.-China trade tensions."

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