News2-Taiwan braces for weakest economic growth in five quarters

News2-Taiwan braces for weakest economic growth in five quarter

The news shows that Taiwan has its slowest quarterly year-on-year growth rate (3.1%) in five quarters but the fastest full-year growth rate within the three years. It is believed that it is mainly due to the plummeting demand for Taiwan’s goods, like the “Apple effect” has weakened, and December exports fell a surprising 2.8% as shipments to mainland China, Japan and Europe all contracted, leading to a sharp decrease of technology-related goods-related exports. Overall, view on Taiwan economy is still optimistic as the growth is solid and the positive assessment on US economy, the pivotal trading partner.

It is pointed that mainland China affects Taiwan economic growth to a great extent, so we can conclude that keeping stable trading relation with her is highly preferable and Taiwan may having trade agreements like lowering the tariff.

Source:

http://www.scmp.com/business/economy/article/1694971/taiwan-braces-weakest-economic-growth-five-quarters

News1-Taiwan's jobless rate falls to lowest level in nearly seven years amid surge in tourism

News1-Taiwan's jobless rate falls to lowest level in nearly seven years amid surge in tourism

The unemployment rate falls to lowest level in nearly seven years. This is due to the structural change within the economy, resulting in more service industry jobs. Indeed, the rising of tourism, especially growing numbers of visitors from the mainland china have create tremendous working opportunities in Taiwan.

Gordon Sun, director of the Macroeconomic Forecasting Centre at the Taiwan Institute of Economic Research said “The areas of Taiwan where joblessness is lowest are the places mainland tourists like to go: Alishan, Sun Moon Lake, and Hualien.”

Also, Taiwan said more than 9.9 million people visited in 2014, generating about NT$437 billion (HK$107 billion) in tourism-related revenue.

Source:

http://www.scmp.com/news/china/article/1689047/taiwans-jobless-rate-falls-lowest-level-nearly-seven-years-amid-surge