Why US-China tensions and demand for hi-tech products spells good news for Taiwan’s economy

News Snapshot:

December 9, 2020 #DayNewsFeed #ChinaNewsTaiwan’s economy is set for strong growth in 2021 after bucking a global downturn this year thanks to demand for its hi-tech products during the coronavirus pandemic and investment returning from mainland China due to Sino-US trade friction.While growth is expected to return to much of the world next year, Taiwan is likely to be one of the few economies that expands in both 2020 and 2021.The government’s Directorate-General of Budget, Accounting and Statistics has forecast gross domestic…