Covid-19 only had an accelerating effect on this preexisting trend - Taiwan’s incentive policies and shifts in corporate attitude predate the pandemic outbreak in Wuhan.
In Taiwan, an issue of business optimization and risk management for Taiwanese firms is an issue of national survival for the government. And their priorities have diverged for more than two decades. Indeed, this is everything but a new question. As early as 1994, President Lee Teng-hui launched a "Go South" policy to divert Taiwanese investment to ASEAN, away from Mainland China. But all attempts failed - China’s attractiveness was just too strong for Taiwanese businesses. That all polls have long underlined an overwhelming rejection of unification with China in Taiwan has had only a marginal restraining effect on the process of cross-strait economic integration.