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World economies reopen for business and look for economic rebound
ALL of TIER's composite indicators signal business recovery |
The United States and European economies have started to reopen and restart their economy looking for economic rebound. The impacts of COVID-19 seem to be managed by major economies with respect to strong desire to go back to business as usual. The recovery of global demand has helped to beef up all three composite indicators issued by the Taiwan Institute of Economic Research (TIER). The manufacturing, service and construction composite indicators all went up in May.
Taiwan's exports in May 2020 decreased by 1.98% compared with the same month of 2019 in spite of a strong market demand for ICT parts and components with respect to higher base effect. Regarding imports, Taiwan's imports in May 2020 decreased by 3.45% compared with imports in May of 2019 due to the continuously dipping prices of raw materials. On the cumulative basis, Taiwan's exports and imports from January 1 till May 31 of 2020 grew by 1.47% and 1.42% compared with the same period of previous year. The trade surplus during the period stood at US$ 16.51 billion or increased by 1.86% on the year-on-year basis. ...Read more |
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| Taiwan issues 240 employment cards to foreign workers |
| Taiwan issued 240 Employment Gold Cards to foreign professionals in the first five months of this year, an increase of 77.8 percent from a year earlier, the National Development Council (NDC) said on Tuesday. The increase is mainly due to the effectiveness of the government’s policy to attract highly skilled foreign talent, and because Taiwan’s success in the battle against COVID-19 has enhanced the country’s international visibility, NDC Deputy Minister Kao Shien-quey said. (Source: Taipei Times) |
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Taiwan Economic Research Monthly
Strategies of Taiwan's renewable energy development |
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Taiwan's renewable energy development from the perspective of global trends
 From the perspective of international renewable energy development trends, solar photovoltaic and wind power generation are the focus of global renewable energy development. As technology advances and the cost reduction effect caused by the continuous expansion of the installation scale, the global thinking on renewable energy policies has changed. After Taiwan’s official introduction of renewable energy promotion goals into the regulation, solar photovoltaic and offshore wind power are currently the main development projects.
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