Taiwan to gain US$22.9 billion from investments of returning businesses.

The US-China trade war has forced Taiwanese businesses in China to go back home.

Taiwan to gain US$22.9 billion from investments of returning businesses. | BEAMSTART News

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The US-China trade war has led to a growing number of Taiwanese businesses moving their operations back home to the local market.

Taiwan’s Economics Minister Shen Jong-chin said that investments from returning companies is set to break US$22.9 billion (TW$ 700 billion).

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This outcome has also pushed the government to take proactive measures in preparing Taiwan to accommodate a greater influx of these returning companies.

Currently, many of these companies are currently basing themselves in disused factories, bringing them back to life.

To accommodate more returning companies, the Taiwanese government plans to make land available for lease in industrial parks across parts of Taiwan’s southwest areas, as well as providing greater support in aiding their relocation.

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