Free Newsletters - Space - Defense - Environment - Energy - Solar - Nuclear
..
. Energy News .




TRADE WARS
Taiwan's export orders from China rise
by Staff Writers
Taipei (AFP) Sept 20, 2012


Taiwan said Thursday export orders from China in August rose for the first time in five months, even as most of the trade-dependent island's other markets remained sluggish.

Orders from China, the island's leading export market, increased 2.5 percent year-on-year to $9.8 billion in the first increase since February, while China orders rose 8.1 percent from the month before, the economic ministry said.

"Demand for Taiwanese products, which are generally relatively expensive, was weak in the first half of this year when China's economic climate wasn't so good," said Sun Ming-te, an economist at Taiwan Institute of Economic Research, a Taipei think tank.

"But it's likely to recover as China's economy is expected to grow with the government's major investment plans and planned economic incentives," he said.

China's government has adopted a series of measures to boost the economy, speeding up investment plans and easing monetary policy.

Fears have been growing in recent months that China's economy, the world's second largest, is weakening significantly, partly as a result of the slowing global demand.

Figures earlier Thursday from British banking giant HSBC showed that China's manufacturing activity contracted for an 11th straight month in September.

The rise in Chinese orders was not enough to counterbalance declines in orders from Taiwan's other major markets such as Japan and the United States.

Overall, export orders fell 1.5 percent year-on-year to $36.15 billion, but it was up 0.6 percent from July, the ministry said.

Orders from all Taiwan's export markets for precision machines and electronics rose 5.9 percent and 0.4 percent year-on-year, respectively, lifted mainly by growing demand in China, it said.

So far this year, Taiwan's economy has been hit by shrinking demand in its major markets of China, the United States and Europe, particularly for its information technology and telecom goods.

Its economy shrank 0.18 percent year-on-year in the three months to June, the first contraction in nearly three years, due to weak exports.

The last time Taiwan saw a quarterly contraction was in the third quarter of 2009, when the economy shrank 1.41 percent from a year earlier.

.


Related Links
Global Trade News






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle




Memory Foam Mattress Review
Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News





TRADE WARS
Philippine gold miner may lose $60 mn due to leaks
Manila (AFP) Sept 20, 2012
The operator of the Philippines' largest gold mine said the site is set to remain shut until the end of the year due to waste leaks, and the closure would likely wipe up to $60 million off its profits. The leak of tailings - rubble and other mining waste - from a pond at the Padcal mine, near the northern resort city of Baguio, began on August 1 and took the company more than a month to pl ... read more


TRADE WARS
Home sweet lab: Computerized house to generate as much energy as it uses

'Smart growth' strategies curb car use, greenhouse gas emissions

China to invest $3.5 bn in Zimbabwe power plant: report

EP passes sulfur fuel, efficiency bills

TRADE WARS
Big Oil faces crisis with Iraq over Kurds

Nexen shareholders approve takeover by China's CNOOC

EU MPs call for 'robust' oversight of shale gas development

Dry-run experiments verify key aspect of Sandia nuclear fusion concept

TRADE WARS
Sufficient wind energy available to meet global demands without damaging climate

Report backs greater role for wind energy

Wind could meet many times world's total power demand by 2030

High-altitude winds have large potential as a source of clean energy

TRADE WARS
Q.CELLS North America Showcases Latest Innovation at Solar Power International 2012

Hanwha Solar Unveils Product Innovations with Strategic Partners

SolarBridge Technologies Introduces Global Microinverter Platform

Eltek Hits Solar Interoperability Milestone

TRADE WARS
Japanese power firm to suffer record loss

Quebec shutters sole nuclear plant as Ontario eyes more

Japan gets new nuclear watchdog

Japan to retreat from nuclear power

TRADE WARS
World's first biofuel jet flight to take off in Canada

Sorghum Eyed as a Southern Bioenergy Crop

EU confirms change in biofuel targets

France reconsiders plans to boost biofuel use

TRADE WARS
Tiangong Orbit Change Signals Likely Date for Shenzhou 10

China Focus: Timeline for China's space research revealed

China eyes next lunar landing as US scales back

China unveils ambitious space projects

TRADE WARS
Effectiveness and impact of climate change mitigation measures unclear

U.S. underestimates costs of carbon pollution and climate change

Researchers emphasize evaluation of tradeoffs in battling urban heat island

Next generation of advanced climate models needed




The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement