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#Taiwanese firms making the long retreat back home - Taiwan's gain, #China's loss 👍A good read👍…
Tsai approved a Ministry of Economic Affairs (MOEA) program in January to encourage Taiwanese companies operating overseas to invest at home. Given the ongoing concerns over a protracted trade war, along with China’s rising wages and stricter regulation,.......
........ the program has since proved popular by offering easier access to bank loans and migrant worker hires for returning companies.
To date, the program has surpassed its original target of NT$500 billion (US$15.9 billion) and attracted more than 100 Taiwanese companies back home, representing some NT$540 billion.
Beyond the companies already pledging to return, applications have been received from another 50 enterprises, potentially bringing total investment to some NT$700 billion to NT$800 billion by the end of the year.
The return of high-end production lines contributed to a 3% rise in factory output for July, compared with estimates for a 0.6% contraction.
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