Breaking News, World News and Taiwan News.

Nation unlikely to record exports growth: minister

TAIPEI -- Taiwan is unlikely to show a growth in exports for the whole of 2012, despite the increase in September that ended six consecutive months of year-on-year negative growth, Economics Minister Shih Yen-shiang said yesterday.

Unless there is high growth in October, November and December, which in not likely, the annual figure will not be positive, Shih said.

Taiwan's exports in September hit a 14-month high of US$27.17 billion, according to statistics released by the Ministry of Finance on Monday.

The figure represented a 10 percent monthly growth and an annual increase of 10.4 percent, the statistics showed.

The private Yuanta-Polaris Research Institute said the momentum may carry over to October but the growth will be smaller, despite the fact that companies are entering their peak-purchasing season.

The Taipei-based think tank said the economies in China and the United States have been improving gradually since the U.S. launched a third round of quantitative easing and Europe implemented the Outright Monetary Transactions program, which will help Taiwan's exports in October.

Write a Comment
CAPTCHA Code Image
Type in image code
Change the code
 Receive China Post promos
 Respond to this email
Subscribe  |   Advertise  |   RSS Feed  |   About Us  |   Career  |   Contact Us
Sitemap  |   Top Stories  |   Taiwan  |   China  |   Business  |   Asia  |   World  |   Sports  |   Life  |   Arts & Leisure  |   Health  |   Editorial  |   Commentary
Travel  |   Movies  |   TV Listings  |   Classifieds  |   Bookstore  |   Getting Around  |   Weather  |   Guide Post  |   Student Post  |   Terms of Use  |   Sitemap
  chinapost search