Anyone Heard of "Beiwei" and Their Taiwan Economic Survey?

I usually stay away from political topics, but this one’s been bugging me, and I figured if anyone could help shed some light, it’s the folks here.

I came across something odd in a gc today: a group called Beiwei (北威) was featured in Liberty Times back in January for running a “2025 Taiwan Economic Outlook Survey”. They surveyed 376 people from business, academia, and industry and came out with a very optimistic outlook for Taiwan’s economy this year. The gc post noted they ran a follow-up survey from April 18–25, supposedly to factor in the U.S. tariff news after President Trump’s announcements.

Here’s the thing: I can’t find any trace of Beiwei anywhere else.

  • No website.
  • No LinkedIn.
  • No mention in any English-language news like Taipei Times or Focus Taiwan.
    Just that one Liberty Times article.

That’s a little unsettling. I’m no conspiracy theorist, but in this day and age, when an organization is totally invisible online, it raises fair questions about who they are and what they’re really about. Especially when their first survey paints a very rosy picture of the economy under the new DPP government. It’s enough to make you wonder if there’s something more going on.

I’m not accusing anyone of anything—just trying to practice some healthy skepticism.
Which brings me to you all: has anyone here come across Beiwei before? Maybe in academic circles? Consulting? Government projects?

If so, I’d love to know:

  • Who are they really? Are they legitimate researchers or somebody’s political pet project?
  • How solid was that January survey? Was it real analysis or more like wishful thinking dressed up in graphs?
  • Has anyone actually seen the full report? I’ve looked everywhere I can think of (even checked Taipei Times and Focus Taiwan) and came up empty.

Also, if anyone hears anything about the April 2025 survey results (they’re supposed to come out May or June), it would be great to get a heads-up.
With the way the U.S. tariffs are going—especially with that 25% proposed tariff on semiconductors—I imagine Taiwan’s economy could get bumpy. And a lot of us here have personal or professional stakes in how that plays out.

Other things I’m wondering about, if anyone has insight:

  • How are businesses outside of Taipei reacting? (I heard the survey focused a lot on central and southern Taiwan.)
  • Are there any serious shifts happening in the export strategies?
  • And with Taiwan’s stronghold in AI and chips, are we still looking resilient—or are cracks starting to show?

If anyone has connections in academia, business, or just access to better Mandarin reading skills than I do, your help would be very much appreciated. Even just pointing me toward reputable economic forecasts would be useful. I’m not trying to get wrapped up in politics — I just want to make sure I’m looking at reality, not just campaign-season spin.

Thanks for reading and for whatever you’re willing to share. I know this forum has some really sharp people, and I’m looking forward to learning from you all.

PS: If you’ve seen other surveys or analyses about Taiwan’s 2025 economic outlook (non-political ones especially), please let me know! Knowledge is power—and maybe a little peace of mind, too.


[!memo] FYR this is the original post in the gc that was posted last Friday
煩請協助填答或轉發問卷:「北威2025年經濟展望調查」

美國總統川普在今年1月20日上任至今,推出一系列關稅政策,對全球供應鏈與金融市場造成衝擊,對主要以出口創造經濟成長的台灣,更影響深遠。

北威在2025年1月23日發佈的《2025 台灣經濟展望調查報告》,針對學術界、產業界及台商進行經濟展望問卷調查,以最後回收的376份有效問卷做統計分析,當時多數填答者對2025經濟前景普遍持樂觀態度。

然而面對川普上任後國際局勢的快速轉變,北威希望透過本次問卷,再次蒐集各界對當前國內外變局的看法,作為更加了解對台灣經濟前瞻想法,並作為交叉分析經濟情勢之依據。若您尚未回傳填答,希望能麻煩您花幾分鐘時間提供您的看法給我們,另外若能將此份問卷轉傳給朋友,尤其是中南部朋友,亦非常感謝!
調查期間:2025年4月18日至2025年4月25日

:right_arrow:點此填寫 ‘‘2025年經濟展望調查’’:北威2025年經濟展望調查

感謝您撥冗填寫及轉傳問卷,謝謝

Here they are. Looks like they are run by Christine Liu who was finance minister under Ma.

https://bwintlgroup.com/

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BELLWETHER INTERNATIONAL GROUP Ltd.is a global management consulting firm with a specialized focus on Asia and the Pacific Rim as well as cross-strait China-Taiwan business matters. Founded in 2012 by Taiwan’s former Minister of Finance and professor of international finance Dr. Christina Y. Liu, Bellwether has offices in Taipei, Hong Kong, and Shanghai. Boasting a roster of renowned industry, government, and academic experts from all over the world, Bellwether has provided counsel to major international corporations and quasi-governmental institutions on a wide range of economic and geopolitical issues, including industry research and analysis on various Chinese markets, operational structuring for U.S. and European businesses looking to establish an Asian presence, financial and regulatory training for companies with cross-strait business, and general strategy consulting and advisory. Bellwether also organizes several large-scale international conferences and seminars per year geared toward industry thought leaders and corporate executive leadership who are seeking to expand their knowledge and networks within the Asian business communities, and further offers customized training courses and educational programs on business strategy, financial management, and other related topics to private and public-sector clients alike.

北威國際集團為跨國企業管理顧問公司,專注亞太地區及兩岸商務。設立於2012年,在臺北、香港和上海設有據點。北威團隊由全球各地著名產學業界專家組成,就廣泛的經濟和地緣政治議題向國際企業與準政府機構提供諮詢;並為民營企業和公共部門客戶提供商業策略、財務管理和其它相關主題的客製化教育規劃與課程。

Businesses outside of Taipei

This has probably been the best article I’ve seen in Chinese or English.

Export strategies

I haven’t seen or heard about anything I would consider a serious shift in export strategies. Of course, the government has made some noise about diversifying markets. Easier said than done.

And with Taiwan’s stronghold in AI and chips, are we still looking resilient—or are cracks starting to show?

Probably too early to tell. TSMC just had a great Q1.

https://pr.tsmc.com/english/news/3222

TSMC’s stock in Taiwan has gone way down and then recovered quickly. That says to me that Taiwanese investors are confused and have no idea what is going to happen.

The reports I’ve seen say AI servers are still shipping.

All the uncertainty can’t be a good thing. If the US goes into a recession, Taiwan will really feel it based on past experience.

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Thank you for this extra insight

btw I filled out the survey anyway, even though it is past the 25 April deadline. Your post identifying Minister Liu helped. Hopefully, they will at least email the results - I gave my email address for them. If I get anything interesting, I’ll re-post here.

This is kind of interesting to the extent I cna understand it… about currency appreciating, insurers, hedging, central bank.

As I recall, this guy has been predicting doom for a while…but still something interesting did happen recently with these things.

https://www.ft.com/content/d71c34a0-4ded-4cba-be1c-82384915a8fd?accessToken=zwAAAZbO2zZKkdPXHDSgTe1MutO-HII4SRWo_Q.MEUCIQCI6aqCspn7gZGRtbRd3QKuTJoVPVzmTr0knQ2H__JrOgIgEqeviSKAKWvIPdf-Yg65-jFLJwtTZwGpf9mumpvx42Y&segmentId=e95a9ae7-622c-6235-5f87-51e412b47e97&shareType=enterprise&shareId=0dd8e077-f946-4b68-8548-ad89afb77c8e

A lot or possibly the majority of the stock is held by foreign investors.