This is a one of the news from a series of good news that involve India reaching out to fellow Buddhist countries.
---
Taiwan has invested in China since about 1990 and became one of the first overseas commercial forces to thrive there. But China’s economic growth is slipping now and the place is unpopular politically with the Taiwanese because of Beijing’s will to leverage economic ties to push for unification. China claims sovereignty over self-ruled Taiwan. China’s product quality and supply chains have also improved, marginalizing some of Taiwan’s pillar industries.
When Taiwanese President Tsai Ing-wen took office in May, she announced plans to direct investment to Southeast Asia and India. Officials from her government said at a news conference this month they want Taiwan to plant “deep roots” in those spots as investors and sell to the local populations.
If this plan – known as the New Southbound Policy – flies, India could replace China as the world heavyweight that Taiwanese investors prefer as the go-to place for making money. Southeast Asia would be right behind it with a population of about 600 million.
...
Taiwan Is Sidestepping China To Bid For India's Tough (But Eager) Market
---
Taiwan has invested in China since about 1990 and became one of the first overseas commercial forces to thrive there. But China’s economic growth is slipping now and the place is unpopular politically with the Taiwanese because of Beijing’s will to leverage economic ties to push for unification. China claims sovereignty over self-ruled Taiwan. China’s product quality and supply chains have also improved, marginalizing some of Taiwan’s pillar industries.
When Taiwanese President Tsai Ing-wen took office in May, she announced plans to direct investment to Southeast Asia and India. Officials from her government said at a news conference this month they want Taiwan to plant “deep roots” in those spots as investors and sell to the local populations.
If this plan – known as the New Southbound Policy – flies, India could replace China as the world heavyweight that Taiwanese investors prefer as the go-to place for making money. Southeast Asia would be right behind it with a population of about 600 million.
...
Taiwan Is Sidestepping China To Bid For India's Tough (But Eager) Market
