Over the past 20 years, China has developed into the world’s factory through its low labor, land and raw material costs. The outbreak could also spell good news for Taiwan, because it might help speed up the return of investment and jobs from China. It might become a tipping point in the decoupling process for companies considering moving their supply chains out of China. Some businesses have started to shift production out of China in response to the US-China trade dispute, and more are expected to follow suit. Together with government incentives that aim to boost domestic investment amid the trade row, the outbreak might prove to be a crisis as well as an opportunity for Taiwan.
Source: Taipei Times February 23, 2020 15:56 UTC