As stated by the Ministry of Economic Affairs, the ongoing trade war between China and the U.S. continues to impact the manufacturing industry of Taiwan as it was observed how its production value fell again in Q2. According to the data released by the Ministry of Economic Affairs, the contraction continued for two quarters straight.
An administration drive to bait abroad based Taiwanese organizations back home with good advances is taking steps to hurt its task financing and syndicated advances showcase as the island supports for a blast in capital use. The Ministry of Economic Affairs has effectively affirmed about a hundred applications with speculation esteemed at over NT$500bn (US$16bn)
Given that Taiwan is a country full of natural resources, it is the leading producer and exporter of chemicals worldwide. The country has long been the leader in the chemicals market providing all types of chemicals with competing prices. This has shaped the economy of the country, making it stand out there compared to other