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Homecoming Taiwanese businesses help pick up domestic economic outlook
TIER manufacturing composite indicator bounced back |
The trade tension between the US and China has further escalated, whereas a talk will be conducted or cancelled in September is unknown for the time being. In a nutshell, a truce or a potential deal between them is still very uncertain. Trade diversion effects provide pros and cons to the economy of Taiwan. Its exports to China and other supply chain partners have been decreasing, but they to the US market have been increasing. In addition, the homecoming Taiwanese investments are helping pick up the growth of fixed capital formation. It is very obvious that the negative impacts are somewhat balanced by the new-fangled benefits.
Taiwan's exports in July 2019 decreased by 0.53% compared with the same month of 2018, ended a very brief one-month increase. However, the exports to the US market increased by significantly 21.7% y-o-y in July. Regarding imports, Taiwan's imports in July 2019 decreased by 5.42% compared with imports in July of 2018. On the cumulated basis, exports and imports from January till the end of July this year gave a trade surplus of US$ 23.49 billion or decreased by 15.73% on a y-o-y basis. ...Read more |
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| Industrial production expands 3.03% |
| Bolstered by robust sales of electronics, optical products and integrated circuits, industrial production increased 3.03 percent annually last month, ahead of the high season for technology products, the Ministry of Economic Affairs said in August. Electronics and optical components reported record sales last month, surging 34.82 percent from a year earlier, the ministry said, adding that sales expanded for a 10th consecutive month. (Source: Taipei Times) |
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Taiwan Economic Research Monthly
International experiences on Regional Revitalization and the development opportunity for Taiwan |
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Innovation-driven to revitalize the region: Fukuoka
 Since 2006, Japan has become a super-aged society. Despite the decline in birth rates and the aging of the population, Fukuoka is the city with the highest proportion of young people aged 20-29 in major cities. This article shows the characteristic of regional revitalization in Japan. By promoting and developing the new regional businesses, Fukuoka city can establish local characteristics and stay innovative to revitalize the local economy. In this way, it will attract young people to return to town, increase the fertility rate, and then solve the problem of population mobility and local economic development.
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