Preferential policies make relocation a sensible option

My family has been running a leather goods business for nearly 40 years, providing materials for a number of handbag manufacturers across the world. My parents started Mingzhuan Leather Co in Kaohsiung (Taiwan) in 1978, a year before I was born.

The company thrived amid the rapid growth of Taiwan's leather industry in the 1980s, when the island had more than 100 leather materials producers, and my parents' company was ranked among the top 10.

However, in recent years, the industry has contracted rapidly in Taiwan. To date, only about 10 leather producers remain on the island.