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
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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.

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