ADAPTING: A survey found that 15.8% of Taiwanese firms operating factories in China were considering adjusting or relocating their production lines to other countries
Date: Jun 29, 2019
By: Natasha Li / Staff reporter
Taiwan surpassed China, including Hong Kong, to become the biggest manufacturing site for local companies last year, as makers of traditional goods such as machinery and petrochemicals shifted production back home to cope with a US-China trade dispute, a survey released yesterday by the Ministry of Economic Affairs showed.
The survey showed that 47.9 percent of orders received overseas were produced domestically last year, surpassing 46.7 percent in China.
China had been the largest manufacturing base for local firms since 2015, when 48.6 percent of goods were made in China and overseas manufacturing totaled 55.1 percent.
Local production stood at 46.8 percent in 2017, the survey showed. [FULL STORY]