THREE YEARS ago a prominent scholar declared that Taiwan’s economy was “on the brink of death”. Many of its best companies had moved to China; wages were stagnant; growth was grinding ever lower and the population was ageing rapidly. […] The saving grace for Taiwan is that China needs Taiwanese products as much as Taiwanese firms need the Chinese market. […] For Liang Kuo-yuan of the Yuanta-Polaris Research Institute the economic prescription for Taiwan is simple, if tough to pull off. […] Mr Liang, for one, frets that China is outdoing Taiwan in its long-term economic planning.
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