The research purpose of this article is to explore and analyze the reason and impact of Taiwan's "New Southbound Policy". The results of the study show that although Tsai Ing-wen has always insisted on promoting the development of the "New Southbound Policy" since she came to power in 2016 and hopes to use it to reduce the high economic dependence on mainland China and expand Taiwan's political survival space on the international stage, but in essence, the "New Southbound Policy" did not achieve Tsai Ing-wen's original goal. On the contrary, the economic ties between Taiwan and the mainland are still deepening and consolidating. From a certain perspective, the implementation of the "New Southbound Policy" has indeed promoted Taiwan's economy toward diversification and has achieved multi-level economic development. However, based on the huge economic volume of mainland China, as mainland China releases the control of the Covid-19 epidemic, many companies in Taiwan will not be able to ignore the re-communication and connection with the mainland economy. The economic ties between the two sides will remain close for a long time to come.
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