The number of Taiwanese working in China fell for the eighth straight year in 2021, the Directorate-General of Budget, Accounting and Statistics (DGBAS) said this month.
The agency in a report said that 163,000 Taiwanese worked in China in 2021, accounting for 51.1 percent of 319,000 Taiwanese working overseas at the time.
The DGBAS considers Taiwanese to be working overseas if they stay abroad for a total of 90 days in one year, with reference to labor and health insurance records.
Photo: Reuters
The number of Taiwanese working in China in 2021 fell by 76,000 people, or 19.2 percent, from 2019 and 261,000 people, or 61.6 percent, from 2011, the DGBAS said.
In contrast, the number of Taiwanese working in Southeast Asia steadily rose from 2017 to 2019, it said.
Chiou Jiunn-rong (邱俊榮), an economics professor at National Central University, said that many Taiwanese businesspeople based in China have since 2018 relocated to Taiwan, Vietnam or Thailand due to a US-China trade dispute.
With the Chinese government continuing to suppress the domestic political and economic environment, coupled with the effects of the COVID-19 pandemic, the nation has lost its appeal to Taiwanese businesses, Chiou said.
Even though the pandemic has abated, it is difficult to reverse such a trend, he said.
Hsin Ping-lung (辛炳隆), associate professor at National Taiwan University’s Graduate Institute of National Development, said the sluggish post-pandemic economy in China has played a role in discouraging Taiwanese and other foreign companies from investing there.
UNPRECEDENTED PACE: Micron Technology has announced plans to expand manufacturing capabilities with the acquisition of a new chip plant in Miaoli Micron Technology Inc unveiled a newly acquired chip plant in Miaoli County yesterday, as the company expands capacity to meet growing demand for advanced DRAM chips, including high-bandwidth memory chips amid the artificial intelligence boom. The plant in Miaoli County’s Tongluo Township (銅鑼), which Micron acquired from Powerchip Semiconductor Manufacturing Corp (力積電) for US$1.8 billion, is expected to make a sizeable capacity contribution to the company from fiscal 2028, the company said in a statement. It would be an extended production site of Micron’s large-scale manufacturing hub in Taichung, the company said. As the global semiconductor industry is racing to reach US$1 trillion
A man walks past real-estate advertisements outside a house in Taipei yesterday. The central bank yesterday said it plans to establish an “Inflation-at-Risk” gauge as a supplementary tool for observing inflation, as policymakers express wish to communicate more effectively with the public when making inflation forecasts.
ABOVE LEGAL REQUIREMENT: The Ministry of Economic Affairs is prepared if LNG supply is disrupted, with more than the legal requirement of 11 days of inventory Taiwan has largely secured liquefied natural gas (LNG) supplies through May and arranged about half of June’s supply, Minister of Economic Affairs Kung Ming-hsin (龔明鑫) said yesterday. Since the Middle East conflict began on Feb. 28, Taiwan’s LNG inventories have remained more than 12 days, exceeding the legal requirement of 11 days, indicating no major supply concerns for domestic gas and electricity, Kung said at a meeting of the legislature’s Economics Committee in Taipei. The ministry aims to increase the figure to 14 days by the end of next year, he said. While one or two LNG or crude oil shipments for May
Taiwan’s food delivery market could undergo a major shift if Singapore-based Grab Holdings Ltd completes its planned acquisition of Delivery Hero SE’s Foodpanda business in Taiwan, industry experts said. Grab on Monday last week announced it would acquire Foodpanda’s Taiwan operations for US$600 million. The deal is expected to be finalized in the second half of this year, with Grab aiming to complete user migration to its platform by the first half of next year. A duopoly between Uber Eats and Foodpanda dominates Taiwan’s delivery market, a structure that has remained intact since the Fair Trade Commission (FTC) blocked Uber Technologies Inc’s
RSS