Taiwan shrugs off politics for record results

Vibrant economy: A night view of the Taipei 101 building. Taiwanese companies are posting record sales, a development they owe largely to an upswing in the global electronics industry. — Reuters

HONG KONG: Global demand for new smartphone models is driving Taiwan’s trade surplus and corporate revenues to record highs, underlining the strength of Asian trade even in the face of geopolitical jitters and rumours of protectionism.

As a result, Taiwanese companies are posting record sales, a development they owe largely to an upswing in the global electronics industry.