‘To soon’ to predict reshoring wave from China: WangBy Angelica Oung / Staff reporterIt is “still too soon to tell” whether power shortages in China would lead to a wave of reshoring by Taiwanese manufacturers, Minister of Economic Affairs Wang Mei-hua (王美花) said yesterday. “All this just happened and manufacturers are dealing with it by switching production to existing manufacturing facilities outside of China,” Wang said. About 70 percent of Taiwan’s liquefied natural gas and 75 percent of its coal come from long-term supply agreements, she said. “You can describe the responses to Taiwan’s application as encouraging,” Deng told political commentator Frances Huang (黃光芹) in an interview. “A lot of countries were taken by surprise by China’s bid,” Deng said.

Source: Taipei Times October 06, 2021 15:56 UTC