The Belt and Road Initiative will spur China’s much-desired internationalization of the renminbi, but there are obstacles.
Taiwan’s economy has thrived on electronics manufacturing. Now, with a tightening labor market and new competitive pressures, the island is figuring out how to reshape its role in the changing global economy.
As currency trading increases in China and new technologies emerge, the regulatory environment is changing.
Taiwan faces growing competition in manufacturing, and relations with Beijing are strained; yet its savvy citizens may benefit from political and economic flux worldwide.