Booming chip exports mask misery in Taiwan's service sectors

Restaurants, hotels, and the retail sector are taking the biggest hit from Taiwan's Covid-19 outbreak. PHOTO: EPA-EFE
New: Gift this subscriber-only story to your friends and family

TAIPEI (BLOOMBERG) - The streets in Taipei's high-end Xinyi area are usually filled with shoppers wandering the maze of interconnected department stores, diners waiting in long lines for popular restaurants, and families buying popcorn before watching a movie.

Known locally as the capital's "golden zone", it is now largely empty even on sunny weekends. It is a striking contrast to other major cities around the world that are starting to reopen and a blow to Taiwan's retail and restaurant industries, which employ about 20 per cent of the economy's workers.

Already a subscriber? 

Read the full story and more at $9.90/month

Get exclusive reports and insights with more than 500 subscriber-only articles every month

Unlock these benefits

  • All subscriber-only content on ST app and straitstimes.com

  • Easy access any time via ST app on 1 mobile device

  • E-paper with 2-week archive so you won't miss out on content that matters to you

Join ST's Telegram channel and get the latest breaking news delivered to you.