Amid the effects of the China-US trade war and the Covid-19 pandemic, global manufacturers are seeing the need to adopt a ”China+1“ strategy by diversifying their supply chains or business operations beyond China. However, moving parts of the supply chain to the Southeast Asian region is not so straightforward. What challenges do they face and how are they overcoming them? Will China's position as the "world's factory" be shaken and how will its economic model be changed?
People often compare Taiwan and mainland China, and even the Taiwanese knock themselves for lagging behind, especially in terms of economy and business. One frequent comment is that Taiwan is content with “small blessings”. Social entrepreneur and columnist Jack Huang disagrees, saying that the youth in Taiwan are channelling their energy into worthy causes and working hard towards building an inclusive society and a better world for everyone.
Mainland China has most recently sent 28 aircraft close to Taiwan, prompting concerns that the situation in the Taiwan Strait might boil over, not least with US-led actions possibly internationalising the issue. What’s the true temperature of the situation? Zaobao correspondent Yang Danxu reports.
As art historian Chiang Hsun recites the Diamond Sutra and prays for the world amid the coronavirus pandemic, he believes in the adage that "this too shall pass". In tough times, we must remind ourselves to be grateful for the breath of life and to be kind to one another. May humankind be safe and well in their warm homes, wherever they may be.
Since 1976, Japan’s defence budget has traditionally been capped at 1% of its GDP. However, in a recent interview, Japanese Defence Minister Nobuo Kishi said that this self-imposed limit would effectively be removed.
Social media went into overdrive when news that Taiwanese actress Barbie Hsu and mainland Chinese hotelier Wang Xiaofei were headed for divorce surfaced. It appears that a difference in views on cross-strait issues could have been the cause. Whether the news is just a smokescreen or a reality, the prickly views expressed are symptomatic of declining relations between Taiwan and the mainland.
Hong Kong-Taiwan relations have waxed and waned with the state of cross-strait relations. Following increased tensions after the DPP government came to power and the perceived convergence of “Hong Kong independence” and “Taiwan independence” forces, calling a temporary halt to organisations like the Hong Kong Economic, Trade and Cultural Office (HKETCO) in Taiwan could be the writing on the wall of cross-strait and Hong Kong-Taiwan relations.
Water, electricity and Covid-19 vaccines — critical elements to keep Taiwan’s leading chip industry going — are in short supply. The situation is currently manageable, say industry watchers, but if this goes on, can Taiwan withstand the pressure and continue delivering the goods to the world?