Reported 12 months ago
As a result of heightened geopolitical tension and economic concerns, the once bustling 'Taiwanese Town' in Pingtan, Fujian province, China, tailored for Taiwanese business, has now become deserted with only a few stores remaining open. Efforts by Fujian authorities to attract Taiwanese investment have dwindled significantly due to factors such as independence sentiments, the COVID-19 pandemic, and overall political and economic uncertainties, resulting in a substantial decrease in Taiwanese investment in the region and across China as a whole. Rising production costs, trade tensions, and geopolitical risks are pushing Taiwanese investors to seek alternative locations, with some looking to Southeast Asia instead, showcasing a lack of acceptance among Taiwanese businesses for China's economic zones.
Source: YAHOO