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NNA Business News
NNA Business News
By Gloria Cho TAIPEI, NNA – Taiwanese manufacturers have been accelerating efforts to go south nearby to the Philippines as one of the preferred destinations for quality workforce and easy access to the Asean market, amid a reordering of global supply chains. Caught in the worsening trade issues between the US and China and the uncertainties of the COVID-19 pandemic, more than 80 percent of Taiwan firms operating in China have suffered business decline due to waning orders and logistics disruptions, according to a report by the Chinese National Federation of Industries in November 2020. The Ta…