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Taiwan's January-March trade with China up 14.9 percent

by Staff Writers
Taipei (AFP) May 29, 2006
Taiwan's two-way trade with China in the January-March period rose 14.9 percent from a year earlier to 19.33 billion US dollars, the economics ministry said Monday.

The figure accounted for 20 percent of Taiwan's total trade, representing a 0.8 percentage point rise from a year ago, the ministry said.

Taiwan's exports to China in the first three months of this year rose 13.8 percent year-on-year to 14.01 billion dollars, while the island's imports from the mainland grew 17.9 percent to 5.32 billion dollars, it said.

During the same period, Taiwan's trade surplus with China rose 11.3 percent from a year earlier to 8.69 billion dollars, the ministry said.

In March alone, Taiwan's imports hit a monthly record high at 1.96 billion dollars on an increase in purchases of semi-finished electronic products, electronic components and raw materials from China, it added.

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First Tiananmen Mao portrait pulled from Chinese auction
Beijing (AFP) May 26, 2006
The first portrait of Chinese revolutionary leader Mao Zedong to hang on Tiananmen Square will not be auctioned off as planned due to government intervention, an auction house said Friday.







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