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The global economy is on the recovery tracks with respect to the uncertainty of trade conflicts
Taiwan's economic outlook seems promising for the time being |
The global economic growth remains strong, and the recovery is on the right track with respect to the only and biggest uncertainty, potential conflicts in trade between the US and its trading partners. Nevertheless, fueled by the global conditions, Taiwan's economic outlook seems like very promising for the time being.
Taiwan's exports in May 2018 increased significantly by 14.16% compared with the same month of 2017. Regarding imports, Taiwan's imports in May 2018 increased by 12.03% compared with imports in May 2017. Exports and imports grew by 11.24% and 9.94% y-o-y respectively from January 1st till the end of May this year, Taiwan's exports and imports gave a trade surplus of US$ 20.34 billion or an increase by 19.21% on a y-o-y basis for the first 5 months of this year.
Taiwan's consumer price index (CPI) stood at 1.64% in May 2018 compared with the same month of previous year. The core inflation rate stood at 0.95% in May, 2018. In addition, the wholesale price index (WPI) moved up by 5.61% in May 2018 on the year-on-year basis. On the cumulative basis, the CPI went up by 1.66% and WPI went up by 1.53% from January 1st till May 31st 2018 compared with the same period last year. ...Read more |
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| Smart recognition research center opened in Yunlin |
| A smart recognition services and industry research center on Thursday opened its doors in Yunlin County and is tasked with developing applied smart recognition technology. The Ministry of Education has awarded National Yunlin University of Science and Technology NT$40 million (US$1.31 million) in subsidies to establish an applied medical technology program. (Source: Taipei Times) |
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Taiwan Economic Research Monthly
Discussion of the Promotion and Practices of Energy Transition Policies in Japan and Germany |
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The time schedule and progress of energy transition vary considerably worldwide. In generally speaking, most of them are using energy-related policies to encourage the development of renewable energy and energy efficiency. During the promotion of energy transition, advancing countries not only adjust their policies and reward mechanism based on domestic energy development, but also take international trends of energy development as reference. The New Energy Policies, was announced by Taiwan’s government in 2016, which has declared the very beginning of energy transition in Taiwan. Therefore, this article is a reference for Taiwan’s government in future policy making.
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