Server makers registered an average increase of 55 percent, ministry data showed. Returning companies in the computer, electronics and optics industries reported the highest average output growth of 27.1 percent over the past three years, Huang said. While a low comparison base might have partially explained the high annual growth of output at the returning companies, it is undeniable that the order-transfer effect also led to the higher growth rates, he said. “In particular, in 20, the combined output of the whole manufacturing sector retreated at a single-digit percentage, but that of the 135 returning companies bucked the trend and grew at a single-digit percentage,” Huang said. The statistics showed that these companies have been doing well over the past three years and better than the overall manufacturing sector, he said. “Since the government in 2019 launched the initiative to encourage companies to return to Taiwan, the public has been curious about how these returning companies are doing and how much they contribute to the local economy,” Huang said. The companies included networking solutions provider Accton Technology Corp (智邦科技) and fitness equipment manufacturer Johnson Health Technology Co Ltd (喬山健康科技), the ministry said. 4, the ministry only tracked the output of 135 companies that had returned to Taiwan since 2019 for the sake of data accuracy, Department of Statistics Deputy Director Huang Wei-jie (黃瑋傑) told the Taipei Times by telephone. Returning companies in the optics, computer and electronics industries reported the highest average output growth of 27.1 percent Combined production value of 135 Taiwanese companies that returned home from 2019 to last year grew at an average annual rate of 8.1 percent, higher than the average of 4.6 percent growth for the whole manufacturing sector, the Ministry of Economic Affairs said yesterday.Īlthough 266 companies with overseas operations had their local investment approved under the government’s Invest in Taiwan initiative as of Aug. Production value at returning firms up 8.1% She said that group members “coordinated the creation of the group through different layers of government” so The biggest concern for Beijing is the similarity between Ukraine and Taiwan, as they are “two smaller countries fighting against colonialism,” she was quoted as saying. Ukrainian lawmaker Inna Sovsun, another member of the group and a long-term supporter of Taiwan, said that “China is worried Ukraine’s defense against Russia could become a model for Taiwanese resistance against China,” the magazine reported. He said that Fan refused to meet with him and his colleagues in March when they tried to solicit China’s support for humanitarian corridors amid Russia’s invasion of the nation, the magazine reported.Ĭhina’s indifference to Ukraine motivated the parliament to set up the group, he added.Īfter the group was launched, Fan complained to several senior members of the Servant of the People ruling party, but nobody put pressure on members of the group, Merezhko said.įan might be worried that Ukraine would send a delegation to Taiwan following the lead of US House of Representatives Speaker Nancy Pelosi earlier this month, he said. Merezhko was quoted as saying that China is “trying to dictate what a foreign parliament should do,” adding that he turned down a request to meet with Chinese Ambassador to Ukraine Fan Xianrong (范先榮) prior to the initiation of the group. Newsweek reported that “a diplomatic dispute is brewing between Ukraine and China” as Beijing lodged a protest against the newly established group at the Ukrainian embassy in China last week. 17 launched the Taiwan Friendship Group, which is led by Foreign Affairs Committee Chairman Oleksandr Merezhko and consists of 15 lawmakers, two-thirds of whom belong to the ruling party. The Chinese embassy in Ukraine attempted to thwart the Ukrainian parliament’s plan to establish a pro-Taiwan group, Newsweek magazine reported on Saturday. China irate over Kyiv pro-Taiwan group DISPUTE BREWING:īeijing is worried Kyiv’s defense against Russia could become a model for Taiwanese resistance against China, Ukrainian lawmaker Inna Sovsun said

Times of india news headline