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Slowing investment hinders global recovery
TIER composite indicators offer both positive and negative signals |
| Slowing investment has hindered the economic recovery of major economies including the US, Europe, and China. As the year-end APEC meeting is cancelled, the US and China need to locate an alternative venue to sign the phase one trade deal. However, the Hong Kong issue has further complicated the decisions and decision-making processes of Washington DC and Beijing. Since uncertainties betide, the composite indicators issued by the Taiwan Institute Economic Research (TIER) offer both positive and negative signals. The construction composite indicator increased, whereas the service and manufacturing indicator declined in October 2019. ...Read more |
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| Culture ministry, agency to launch five-year plans |
| The Ministry of Culture and its new affiliated administrative institution, the Taiwan Creative Content Agency, are next year to launch two expansive plans, each of which is to be allocated NT$10 billion (US$328.8 million), Minister of Culture Cheng Li-chiun said in November 2019. The move is an effort to boost Taiwan’s audiovisual and music industries, as well as investment in Taiwanese culture, Cheng said at a ceremony in Taipei to formally inaugurate the agency. (Source: Taipei Times) |
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Taiwan Economic Research Monthly
Fintech: development trends and challenges facing in new financial services |
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Analysis of financial service innovation trends and reforms from FinTech's early investment
 The function of financial technology is embedded in the financial business to promote the digitalization, intelligence, disintermediation and decentralization of its financial service process, from entity to virtual, from offline to online, from time limited to ubiquitous, so that consumers can experience better financial services. From observing the early investment of fintech as well as analyzing the innovation trend and reform of financial services. Stripe, klarna, symphony, tongdun technology, chime, n26 and other enterprises represent the innovation trend of new financial services and the rise of digital banks. The wave of financial technology is sweeping the world, and financial services will become ubiquitous in the future.
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