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Slim margins meant that when production costs later increased and more overseas competition emerged, Taiwanese firms had little choice but to transplant their factories offshore.
Music sales no longer constitute the major source of revenue for musicians and record companies, particularly for indie bands. Instead, the music industry in China depends largely on live performances.
‘It’s like instant happiness.’ Or so says the entrepreneur behind an app that pays people to post adverts or advertise e-commerce deals on social media.
Despite the good intentions behind recent efforts by young people to help Taiwanese farmers market their products, the agricultural sector faces more fundamental challenges.