Factoring volume in Taiwan down 10% in 2020


Taiwan’s GDP growth in 2020 outperformed that of other Asian Tigers (i.e. Hong Kong, Singapore and South Korea), helped by its early control of the pandemic and a strong rebound in exports, said Daphne Lee, Head of Global Trade and Receivables Finance, HSBC Bank (Taiwan) Ltd, in the regional article included in the World Factoring Yearbook 2021.



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