Taiwan's post-bubble recovery holds lessons for China

Active monetary and industrial policy played key roles in island's turnaround

Avatar
20240228 tsmc

TSMC headquarters in Hsinchu: The manufacturing sector was a key driver of Taiwanese economic growth after the island's market bubble burst. © Reuters

Paul Cavey, previously Asia macro strategist and managing director at investment company Wellington Management, is the founder of research service East Asia Econ.

Economics really is a dismal science. A reminder of that is the current fixation on finding parallels between China today and Japan in the 1990s.

Sponsored Content

About Sponsored ContentThis content was commissioned by Nikkei's Global Business Bureau.