Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking and Finance Review

Global Banking and Finance Review - Subscribe to our newsletter

Company

    GBAF Logo
    • About Us
    • Profile
    • Privacy & Cookie Policy
    • Terms of Use
    • Contact Us
    • Advertising
    • Submit Post
    • Latest News
    • Research Reports
    • Press Release
    • Awards▾
      • About the Awards
      • Awards TimeTable
      • Submit Nominations
      • Testimonials
      • Media Room
      • Award Winners
      • FAQ
    • Magazines▾
      • Global Banking & Finance Review Magazine Issue 79
      • Global Banking & Finance Review Magazine Issue 78
      • Global Banking & Finance Review Magazine Issue 77
      • Global Banking & Finance Review Magazine Issue 76
      • Global Banking & Finance Review Magazine Issue 75
      • Global Banking & Finance Review Magazine Issue 73
      • Global Banking & Finance Review Magazine Issue 71
      • Global Banking & Finance Review Magazine Issue 70
      • Global Banking & Finance Review Magazine Issue 69
      • Global Banking & Finance Review Magazine Issue 66
    Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
    Copyright © 2010-2026 GBAF Publications Ltd - All Rights Reserved. | Sitemap | Tags | Developed By eCorpIT

    Editorial & Advertiser disclosure

    Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Home > Top Stories > Taiwan kept COVID below 15,000 cases for all 2021. Now it has 80,000 a day, testing its ‘new model’
    Top Stories

    Taiwan kept COVID below 15,000 cases for all 2021. Now it has 80,000 a day, testing its ‘new model’

    Published by Wanda Rich

    Posted on May 24, 2022

    3 min read

    Last updated: January 20, 2026

    People wait to get a coronavirus disease (COVID-19) test, in Taipei
    Why waste money on news and opinion when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe

    By Yimou Lee

    TAIPEI (Reuters) – Billed a COVID-19 success story as its economy boomed through the pandemic, Taiwan is now battling a record wave of infections as it eases restrictions that had kept outbreaks at bay to start life with the virus.

    For the whole of 2021, Taiwan reported less than 15,000 locally transmitted cases. Now, it’s registering around 80,000 cases a day – a startling reversal after the effectiveness of its long-standing zero-COVID policy won it international praise.

    “We could no longer achieve the goal of zero COVID because it was too contagious,” former vice president Chen Chien-jen, an epidemiologist, said in a video released by the ruling Democratic Progressive Party on Sunday. Most cases in Taiwan are of the less severe Omicron variant, with more than 99.7% of cases exhibiting mild or no symptoms, he said.

    “This is a crisis but also an opportunity, allowing us to walk out of the shadow of COVID-19 quickly,” Chen said.

    Despite a peak of infection forecast for this week, the government is determined to end a policy that included largely closing its borders. It has relaxed restrictions, such as shortening mandatory quarantines, in what it calls the “new Taiwan model” – gradually living with the virus and avoiding shutting down the economy.

    Unlike some countries where new case spikes overwhelmed medical systems and disrupted everyday life, Taiwan hospital beds earmarked for COVID patients are at 56% occupancy. Shops, restaurants and gyms remain open, and gatherings continue, with mandatory mask-wearing.

    Still, the island of 23.5 million people is recording 40 to 50 deaths a day, bringing its year-to-date total to 625 deaths. Deaths stood at 838 from 2020 through to end-2021.

    ‘NO REAL CHOICE’

    Taiwan’s approach stands in contrast with China, where strict measures to control outbreaks have led to the prolonged lockdown of Shanghai – a city of 25 million people – and movement curbs in numerous cities including Beijing.

    Former vice president Chen said Taiwan would be ready to reopen to tourists when 75-80% of the population had received a third vaccination shot. The rate currently stands at 64%.

    Taiwan is focusing on eliminating serious illness while easing disruptions, allowing milder cases to see doctors online with home delivery of oral antiviral products.

    Health Minister Chen Shih-chung said on Monday that Taiwan aims to keep the death rate below 0.1%. The current rate is around 0.06% and rising slowly.

    Opposition parties said the government was ill-prepared, citing an initial shortage of home rapid test kits when cases started spiking last month, and criticised it for moving too slowly to secure vaccines for children under 12.

    The surge in cases is now sparking new precautions. Starting this week, classes in Taipei schools were moved online while subway ridership has fallen to about half average levels.

    “Taiwan didn’t really have a choice. Naturally, we need to move on to coexist with the virus,” said Shih Hsin-ru, who leads the Research Center for Emerging Viral Infections at Taiwan’s Chang Gung University.

    She said the government was not well prepared for the shift away from the zero COVID approach, pointing to the initial shortage of resources, from vaccines to antivirals. But things are looking better after what she described as a “scramble” by the government.

    “We are slowly getting back on track,” she said. “We are likely to see less impact compared to neighbouring countries.”

    (Reporting by Yimou Lee; Editing by Kenneth Maxwell)

    More from Top Stories

    Explore more articles in the Top Stories category

    Image for Lessons From the Ring and the Deal Table: How Boxing Shapes Steven Nigro’s Approach to Banking and Life
    Lessons From the Ring and the Deal Table: How Boxing Shapes Steven Nigro’s Approach to Banking and Life
    Image for Joe Kiani in 2025: Capital, Conviction, and a Focused Return to Innovation
    Joe Kiani in 2025: Capital, Conviction, and a Focused Return to Innovation
    Image for Marco Robinson – CLOSE THE DEAL AND SUDDENLY GROW RICH
    Marco Robinson – CLOSE THE DEAL AND SUDDENLY GROW RICH
    Image for Digital Tracing: Turning a regulatory obligation into a commercial advantage
    Digital Tracing: Turning a regulatory obligation into a commercial advantage
    Image for Exploring the Role of Blockchain and the Bitcoin Price Today in Education
    Exploring the Role of Blockchain and the Bitcoin Price Today in Education
    Image for Inside the World’s First Collection Industry Conglomerate: PCA Global’s Platform Strategy
    Inside the World’s First Collection Industry Conglomerate: PCA Global’s Platform Strategy
    Image for Chase Buchanan Private Wealth Management Highlights Key Autumn 2025 Budget Takeaways for Expats
    Chase Buchanan Private Wealth Management Highlights Key Autumn 2025 Budget Takeaways for Expats
    Image for PayLaju Strengthens Its Position as Malaysia’s Trusted Interest-Free Sharia-Compliant Loan Provider
    PayLaju Strengthens Its Position as Malaysia’s Trusted Interest-Free Sharia-Compliant Loan Provider
    Image for A Notable Update for Employee Health Benefits:
    A Notable Update for Employee Health Benefits:
    Image for Creating Equity Between Walls: How Mohak Chauhan is Using Engineering, Finance, and Community Vision to Reengineer Affordable Housing
    Creating Equity Between Walls: How Mohak Chauhan is Using Engineering, Finance, and Community Vision to Reengineer Affordable Housing
    Image for Upcoming Book on Real Estate Investing: Harvard Grace Capital Founder Stewart Heath’s Puts Lessons in Print
    Upcoming Book on Real Estate Investing: Harvard Grace Capital Founder Stewart Heath’s Puts Lessons in Print
    Image for ELECTIVA MARKS A LANDMARK FIRST YEAR WITH MAJOR SENIOR APPOINTMENTS AND EXPANSION MILESTONES
    ELECTIVA MARKS A LANDMARK FIRST YEAR WITH MAJOR SENIOR APPOINTMENTS AND EXPANSION MILESTONES
    View All Top Stories Posts
    Previous Top Stories PostBritish restaurant chains gird for sharper sting from inflation
    Next Top Stories PostGerman economy remains on growth path for now -PMI