Taiwanese media outlets such as the Free Times reported that Taiwanese companies are planning to 'exit China' and 'go to Southeast Asia and the United States' in the aftermath of the US-China trade dispute.
It is said that these findings came out in the '2022 Overseas Investment Business Operation Survey' recently released by the Investment Deliberation Committee of the Ministry of Economic Affairs of Taiwan.
According to this survey, the overseas regions that Taiwanese entrepreneurs in the traditional industry will consider investing in in the next three years are Malaysia, Indonesia, Singapore, and the Philippines (16.72%), followed by the United States (13.77%) and Vietnam (11.88%). Appeared.
Taiwanese entrepreneurs in the information and communication industry were surveyed to consider investing in the United States (12.46%), China's Guangdong Province (10.28%), and Vietnam (9.97%) within the next three years.
As for the service industry, Vietnam (16.52%) and the US, Malaysia, Indonesia, Singapore, and the Philippines accounted for 11.45% each.
Freedom Times said that after the US-China trade dispute in 2018, investment in Shanghai and Guangdong was less than 30% of its peak, and investment in Jiangsu Province, where Taiwan's information and communication companies are concentrated, was also stagnant.
The Investment Review Committee of Taiwan's Ministry of Economic Affairs said that due to COVID-19 in China and frequent industry regulations and supervision by Chinese authorities, the investment ratio of Taiwanese entrepreneurs to Taiwan has increased by 6 to 7 times compared to the investment ratio in China.
China's recent ban on imports of agricultural products from Taiwan and Taiwan's application to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) have influenced Taiwanese companies' investment movements.
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