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Seeking shelter from the US-China trade war and lured by a largely coronavirus-free environment, European companies are pouring money into Taiwan’s technology and renewable energy sectors.
Even as supply chains around the world have been disrupted or ground to a halt, Taiwan’s successful management of the pandemic has meant it is among the few global economies that have not fallen sharply.
Factories have kept running at full speed
, meaning European firms are now increasingly looking to partner with Taiwanese firms in complementary sections, officials from Taiwan and several European countries said this week at a well-attended European Union-Taiwan investment conference.