Taiwan’s antique jade sector loses its lustre amid cross-strait tensions and weak post-Covid economy

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Taiwan’s antique jade industry used to be the go-to place for Chinese heritage hunters, taking in nearly US$16 million a year. But rising tensions across the Taiwan Strait have shut out mainland Chinese visitors, who have been the industry’s biggest buyers. The island’s jade market further declined to a quarter of previous levels amid a weak post-Covid economic recovery that has made buyers more cautious about big spending.