U.S. Restricts Exports to Chinese IC Company The U.S. Commerce Department announced that American companies will need to apply for licenses for all exports or transfers of commodities, software, and technology to China’s Fujian Jinhua Integrated Circuit Co., effective October 30, and that “such license applications will be reviewed with a presumption of denial.” Micron,…
More Mixed Signals The release of Taiwan’s September trade figures brought some good news – a record monthly level for exports – but any exuberance was dimmed by uncertainties about the potential impact of the “trade war” being waged between the United States and China, given the large number of Taiwanese enterprises with production facilities…
U.S.-China Trade War Draws Attention News reports indicate that at a number of Taiwanese firms are considering abandoning their Chinese production bases and returning to Taiwan to avoid being caught in the U.S.-China trade war. Although Taiwan has not been directly targeted by either country, many Taiwanese manufacturers have moved their production sites to China,…
It’s still hard to assess the prospective impact on Taiwan of the U.S.-China tariff battle. As the U.S.-China tariff war unfolds, observers in Taiwan have been searching for clues as to what the impact on the Taiwan economy will be. Heavily trade-dependent Taiwan, after all, is in a precarious position in the middle. It regards…
Positive Indications on the Trade Front Given Taiwan’s heavy reliance on international trade for its economic momentum, the past several weeks brought some encouraging news. Announcement of Taiwan’s trade figures for July showed that exports had continued to increase for the fifth consecutive month. At US$29.36 billion, export value in July was 4.7% higher than…
The 2018 AmCham Doorknock delegation stressed the recent progress on resolving White Paper issues. AmCham Taipei’s 2018 Doorknock delegation had a positive message to share as it made its rounds in Washington D.C. the week of June 18. The group, led by Chamber President William Foreman, opened most of its 45 meetings in the U.S….
Higher GDP Growth Seen on Rising Exports The Taiwan economy is expected to experience higher growth this year due to improved levels of demand on world markets. The Yuanta-Polaris Research Institute, a Taipei economic think tank, raised its 2018 GDP growth forecast from 2.4% to 2.55% based on increased export activity. The government’s Directorate General…
Momentum Continues On Export Growth The Taiwan economy continued its upward momentum through the first quarter of 2018 as exports maintained their double digit gains, unemployment stayed low, and consumer and business confidence remained high. On the back of International Monetary Fund (IMF) forecasts of rising global trade and growth, analysts expect Taiwan’s trade impetus to…
Exports Experience a Slight Weakening Taiwan’s export streak finally came to an end in February after 16 straight months of gains when exports declined by a slight of 1.2% for the month, mostly attributed to Chinese New Year holiday which this year fell on February 15-20. The months of January and February are generally considered…
Positive News to Start The Year of the Dog Taiwan welcomed the new year with continuing good news on the economic front, with major metrics pointing to continued growth and prosperity. The TAIEX weighted index of stock prices closed February 27 down slightly but still maintaining its high average at 10,815 points. Unemployment continued its…
