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July, 30, 2016

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Taiwan > Business
'Actual achievements' required
Beijing's Taiwan Affairs Office (TAO, 國台辦) spokesman Ma Xiaoguang (馬曉光) speaks to the press Monday in Harbin, China. He called Taiwanese media reports that mainland China's government is giving away money and houses to attract young Taiwanese startups "absurd and goofy." Taiwanese press reported earlier that China has launched a project to bribe 20 to 40-year-old Taiwanese with free offices and apartments and NT$1 million in funds to open new businesses in the country. Ma said Monday that the rewards are only for those who have made "actual achievements."
 
Shares in Taiwan edged lower Monday after a plunge midway through the trading session, but bargain hunting in select large-cap electronics stocks kept the weighted index close to the 9,000-point mark, dealers said.
 
The central bank said Monday that Taiwan's money supply in June maintained a "golden cross" -- a sign of sufficient liquidity -- for the 10th consecutive month.
 
The U.S. dollar rose against the Taiwan dollar Monday, gaining NT$0.070 to close at NT$32.140 as traders here were encouraged by recent positive economic data in Washington to buy into the U.S. currency, dealers said.
 
The Ministry of Economic Affairs (經濟部) announced on Thursday that a delegation will visit Tokyo and Osaka from October 21 to 26 to attract talent from Japan.
 
TIER cuts growth to anemic 0.77%
The Taiwan Institute of Economic Research (TIER, 台經院) today slashed its economic growth forecast for 2016 to 0.77 percent, citing a continuing slowdown in exports and Brexit's potential ramifications.
 
Unique produce and other curiosities in today's agriculture industry
Farming has come a long way since the days of a man and his push plow.
 
The Taiwan Stock Exchange (TWSE), which operates the local main board, is determined to stimulate foreign institutional buying in local shares by allowing foreign investors to gain a better understanding about the strength of Taiwanese listed firms.
 
Confidence in the local economy has shown signs of weakening amid concerns that the decision of the United Kingdom to leave the European Union will send ripples through the global economy and affect domestic fundamentals, according to Cathay Financial Holding Co. (國泰金).
 
On the back of rising demand for the upcoming Ghost Festival, the local retail sector is expected to see sales growth in July, at a time when many retailers have aggressively launched promotional campaigns, according to the Ministry of Economic Affairs (MOEA).
 
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