Tony Phoo News
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Taiwan’s exports increased more than economists estimated in December, signaling the island’s recovery is gathering pace amid stronger demand from China.
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Taiwan’s industrial production rose more than estimated, gaining for a 12th straight month, while the jobless rate fell to a 20-month low, increasing the central bank’s scope to boost borrowing costs.
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Taiwan’s export orders increased by the least in 16 months as demand from Japan declined and purchases from China moderated.
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Taiwan’s economy probably expanded by more than 8 percent for the fourth straight quarter last quarter as exports increased, extending the island’s recovery and adding to the case for higher borrowing costs this year.
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Taiwan said it will sign a trade accord with China next week after more than a year of talks, as warming cross-strait relations pave the way for deeper investment ties with the world’s fastest-growing major economy.
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The following are the day's top business stories:
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Taiwan unveiled additional measures to counter capital inflows as it raised borrowing costs for the third time this year and tightened lending rules to avert a property bubble.
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Taiwan and Japan signed their first investment accord, strengthening economic ties and stepping closer toward negotiating a free-trade deal.
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Taiwan’s jobless rate climbed for the second straight month in May as a growth slowdown in China and the European debt crisis hurt the export-dependent economy.
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Taiwan’s economy grew at the fastest pace in more than 30 years last quarter on surging sales of computer chips and display panels to China, as it heals ideological wounds with its neighbor in favor of trade ties.
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