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China’s rising labour costs, worsening trade relations with the US and zero-COVID strategy has prompted many firms to move parts of their operations to other regions in a bid to reduce the risk to their supply chains. A once- sleepy municipality in Taiwan is seeing a property boom, as investors seek a safe haven outside the mainland. The property market in Taichung city is the hottest among all of Taiwan’s six major municipalities. According to official data, more than 20% of Taiwan’s capital from China has made its way to the island’s second-largest city.
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