Painstakingly, women of retirement age adorn sheet after sheet of yellow joss paper with gold and silver leaf and red paint to satisfy last orders for sacrificial cash offerings ahead of the Lunar New Year holiday.
Chen Kun-huei (陳坤輝), 82, is determined to keep alive an ancient tradition of making the “ghost money” by hand even as others have shifted to automated production at factories.
“I will continue making ghost money until I can’t move anymore,” said Chen, the third-generation owner of his family’s business in Miaoli County.
Photo: Ann Wang, Reuters
Altogether, the Chens have been making ghost money for about 100 years.
Also called joss paper in English, ghost money is one of the most common offerings in Taiwan, burned at temples and outside homes to honor deities and ancestors while praying for many children, prosperity and longevity.
It is used during all holidays in Taiwan — Chen says there is only one month of downtime in a year — with the most offerings made during Lunar New Year and Ghost Month, or the seventh month of the lunar calendar.
“There are just too many temples in Taiwan,” said Chen’s daughter, Chen Miao-fang (陳妙芳), explaining why demand for ghost money remains high.
After growing up in and around the workshop, Chen Miao-fang is now in charge of taking orders.
The Chens’ way of making ghost money is fading quickly due to a lack of people willing to do the repetitive work and competition from big commercial printers producing cheaper, colorful alternatives.
Only a few other workshops also still make the sacrificial paper by hand.
“In the future this might all be replaced by machines,” Chen Miao-fang said, looking around wistfully at the family’s small-scale operation.
For now, the Chens have a loyal base of customers who value the high quality of their product.
The week-long Lunar New Year holiday begins on Saturday.
The New Taiwan dollar is on the verge of overtaking the yuan as Asia’s best carry-trade target given its lower risk of interest-rate and currency volatility. A strategy of borrowing the New Taiwan dollar to invest in higher-yielding alternatives has generated the second-highest return over the past month among Asian currencies behind the yuan, based on the Sharpe ratio that measures risk-adjusted relative returns. The New Taiwan dollar may soon replace its Chinese peer as the region’s favored carry trade tool, analysts say, citing Beijing’s efforts to support the yuan that can create wild swings in borrowing costs. In contrast,
Nvidia Corp’s demand for advanced packaging from Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) remains strong though the kind of technology it needs is changing, Nvidia CEO Jensen Huang (黃仁勳) said yesterday, after he was asked whether the company was cutting orders. Nvidia’s most advanced artificial intelligence (AI) chip, Blackwell, consists of multiple chips glued together using a complex chip-on-wafer-on-substrate (CoWoS) advanced packaging technology offered by TSMC, Nvidia’s main contract chipmaker. “As we move into Blackwell, we will use largely CoWoS-L. Of course, we’re still manufacturing Hopper, and Hopper will use CowoS-S. We will also transition the CoWoS-S capacity to CoWos-L,” Huang said
VERTICAL INTEGRATION: The US fabless company’s acquisition of the data center manufacturer would not affect market competition, the Fair Trade Commission said The Fair Trade Commission has approved Advanced Micro Devices Inc’s (AMD) bid to fully acquire ZT International Group Inc for US$4.9 billion, saying it would not hamper market competition. As AMD is a fabless company that designs central processing units (CPUs) used in consumer electronics and servers, while ZT is a data center manufacturer, the vertical integration would not affect market competition, the commission said in a statement yesterday. ZT counts hyperscalers such as Microsoft Corp, Amazon.com Inc and Google among its major clients and plays a minor role in deciding the specifications of data centers, given the strong bargaining power of
TARIFF SURGE: The strong performance could be attributed to the growing artificial intelligence device market and mass orders ahead of potential US tariffs, analysts said The combined revenue of companies listed on the Taiwan Stock Exchange and the Taipei Exchange for the whole of last year totaled NT$44.66 trillion (US$1.35 trillion), up 12.8 percent year-on-year and hit a record high, data compiled by investment consulting firm CMoney showed on Saturday. The result came after listed firms reported a 23.92 percent annual increase in combined revenue for last month at NT$4.1 trillion, the second-highest for the month of December on record, and posted a 15.63 percent rise in combined revenue for the December quarter at NT$12.25 billion, the highest quarterly figure ever, the data showed. Analysts attributed the