Taiwan Economy

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Title: Taiwan Economy

Essay Details:

Subject: Miscellaneous

Author: Helen P

Date: February 4, 2016

Level: University

Grade: A

Length: 4 / 1188

Essay text:

The island runs a trade surplus, and foreign reserves are the world's third largest. Despite restrictions on cross-strait links, China has overtaken the US to become Taiwan's largest export market and, in 2006, its second-largest source of imports after Japan. China is also the island's number one destination for foreign direct investment. Strong trade performance in 2006 pushed Taiwan's GDP growth rate above 4%, and unemployment is below 4%. Consumer spending recovered following a slowdown early in 2006, when banks tightened lending to address a sharp increase in delinquent consumer debt(1). From 2006 Taiwan's GDP purchasing power was at $681...

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