Taipei, Sept. 5 (CNA) The revenue of the 1,000 biggest Taiwanese-owned companies in countries under the New Southbound Policy (NSP) has grown from NT$3.58 trillion in 2017 to NT$8.4 trillion in 2021, a 134.6% jump in five years, according to a report by the Taiwan-based credit information company CRIF.
In a forum on Taiwan’s investments in NSP countries organized by the magazine Business Today, CRIF editor-in-chief Liu Jen (劉任) told the audience that based on his firm’s latest report, Taiwanese companies investing in these countries are making significantly more sales revenue than five years ago.
During that same period, Liu said, the top 1,000 Taiwanese companies in China saw a decrease in revenue from NT$21.4 trillion to NT$17.4 trillion.
While companies in China still earned a lot more in absolute terms than those in Southeast Asian countries, the rate of growth has shifted,…
