Taipei’s Wufenpu Garment Wholesale Area (五分埔) has suffered this year, and almost 200 out of the area’s 1,100 stands have closed or changed hands, vendors said.
The area used to be a popular destination for tourists and young shoppers. However, vendors now face rising rents and a general decline of the Taiwanese garment industry, forcing them to engage in price wars and depend on cheap imports from China or South Korea for 80 to 90 percent of their inventory.
Association for the Advancement of Wufenpu Business District president Hsieh Lung-chang (謝龍昌) said the garment industry’s “broken supply chain” is to blame.
Hsieh said that 30 years ago, Taiwan-made clothes were qualitatively on par with or superior to garments produced in China and South Korea today.
However, over the past two decades, the garment industry focused too much on fashion design, to the detriment of tailors and domestic production, Hsieh said.
The result has been an abundance of fashion ideas, but a dearth in capacity to put them in to production, he said.
Hsieh said that rapid changes in fashion and competition from other garment venues exacerbated Wufenpu’s woes, forcing its wholesale and retail vendors to survive on profit margins as small as 0.5 percent, by reducing prices and importing garments.
One vendor, surnamed Lin (林), agreed that a lack of domestic supply is a problem, saying that he only imported from foreign producers because he could not find locally made products.
“Those tariffs add up quick,” he said.
A former vendor, surnamed Wu (吳), said she was forced to closed her stand because of low profits and high rents.
In the past 15 years, rents had tripled from NT$3,000 per ping (33.1m2) in 2000 to as much as NT$10,000 per ping this year, she said.
Wu said she closed her garment shop and now runs an online store, and several acquaintances work as international purchasing agents for garments and accessories.
To help Wufenpu vendors, Taipei’s Office of Commerce section head Lin Chien-wen (林建?) said that the city government plans to open community workshops to coordinate strategies, as well as programs to advise vendors.
The city government will deal with the empty spaces left by closed stands and improve the district environment to help keep customers going to Wufenpu, Lin added.
GREAT POWER COMPETITION: Beijing views its military cooperation with Russia as a means to push back against the joint power of the US and its allies, an expert said A recent Sino-Russian joint air patrol conducted over the waters off Alaska was designed to counter the US military in the Pacific and demonstrated improved interoperability between Beijing’s and Moscow’s forces, a national security expert said. National Defense University associate professor Chen Yu-chen (陳育正) made the comment in an article published on Wednesday on the Web site of the Journal of the Chinese Communist Studies Institute. China and Russia sent four strategic bombers to patrol the waters of the northern Pacific and Bering Strait near Alaska in late June, one month after the two nations sent a combined flotilla of four warships
‘LEADERS’: The report highlighted C.C. Wei’s management at TSMC, Lisa Su’s decisionmaking at AMD and the ‘rock star’ status of Nvidia’s Huang Time magazine on Thursday announced its list of the 100 most influential people in artificial intelligence (AI), which included Taiwan Semiconductor Manufacturing Co (TSMC) chairman and chief executive officer C.C. Wei (魏哲家), Nvidia CEO Jensen Huang (黃仁勳) and AMD chair and CEO Lisa Su (蘇姿丰). The list is divided into four categories: Leaders, Innovators, Shapers and Thinkers. Wei and Huang were named in the Leaders category. Other notable figures in the Leaders category included Google CEO Sundar Pichai, Microsoft CEO Satya Nadella, OpenAI CEO Sam Altman and Meta CEO and Facebook founder Mark Zuckerberg. Su was listed in the Innovators category. Time highlighted Wei’s
EVERYONE’S ISSUE: Kim said that during a visit to Taiwan, she asked what would happen if China attacked, and was told that the global economy would shut down Taiwan is critical to the global economy, and its defense is a “here and now” issue, US Representative Young Kim said during a roundtable talk on Taiwan-US relations on Friday. Kim, who serves on the US House of Representatives’ Foreign Affairs Committee, held a roundtable talk titled “Global Ties, Local Impact: Why Taiwan Matters for California,” at Santiago Canyon College in Orange County, California. “Despite its small size and long distance from us, Taiwan’s cultural and economic importance is felt across our communities,” Kim said during her opening remarks. Stanford University researcher and lecturer Lanhee Chen (陳仁宜), lawyer Lin Ching-chi
When Chinese President Xi Jinping (習近平) was wooing leaders from across Africa with a banquet on Wednesday night, King Mswati III of Eswatini was notably absent. That is because the kingdom — about the size of New Jersey and with just 1.2 million people — is one of Taiwan’s remaining dozen diplomatic allies. That means Eswatini does not participate in Xi’s Forum on China-Africa Cooperation, the centerpiece of China’s diplomatic outreach to Africa, which was held in Beijing this week. The landlocked nation, which sits between Mozambique and South Africa, is the last holdout in Beijing’s seven-plus decade mission to make Africa