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Taiwan’s export orders fell by 24.9 per cent from a year ago in June, but Taipei expects improvements in the second half of the year due to the growing demand for its artificial intelligence (AI) supply chain.
Tech firms from Taiwan and South Korea are seeking increased cooperation despite still competing as global exporters of tech hardware amid rising geopolitical tensions involving China and the US.
A petition in Taiwan has attracted over 5,000 signatures, meaning four government ministries will now examine the proposal for a three-day weekend, but it is set to be met with opposition from manufacturers.
Taipei has rolled out a series of economic stimulus, with the latest a lucky draw to give away spending vouchers and stored-value cards to inbound tourists after its economy fell into recession in the first quarter.
Mainland China launched a ‘trade barrier investigation’ into Taiwan’s restrictive measures against 2,455 products in April, and it could be extended to finish the day before the presidential election is due to take place.