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Friday, March 29, 2002, updated at 09:09(GMT+8)
Taiwan Economic Situation
Taiwan's Economy Predicted to Grow 2.29 Percent This Year
Taiwan's economy is predicted to grow 2.29 percent this year, reports from Taipei said Saturday. A previous economic forecast made in November last year by local authorities estimated that the gross domestic product growth rate would reach 2.23 percent in 2002 after suffering its first-ever decline in 2001.
Feature Headline
Improved Cross-Strait Relations: Key to Getting Taiwan Economy Out of Predicament
Taiwan: Hot Politics Vs Cold Economy
PD Correspondent's Personal Experience of Taiwan Economic Situation
Taiwan Jobless Rate Hits New High of 4.92 Percent in July
Taiwan's Unemployment may Hit Record High
Taiwan's 2001 Economic Growth to be Below 2 Percent
Taiwan's Unemployment Hits New High at 4.51 Percent in June
15 Percent of Taiwan's High-Tech Professionals Unemployed
Survey Indicates Sluggish Business Prospects in Taiwan
Since Taiwan's economic problems arose from the political level, solutions should be sought from the political angle. How to face up to the one-China principle and the "92 Consensus" is the key to stabilizing Taiwan's political situation, stabilizing cross-Strait relations, bringing about closer cross-Strait economic and trade ties and proceeding to push Taiwan's economy out of difficulties, and guaranteeing the long-term development of the Taiwanese economy.
At the turn of late autumn to early winter, there have been snowflakes in north China where trees are covered by ice and frost; whereas Taiwan on the southeast corner still sees a scene of verdant trees, breeze and drizzles, mild and pleasant weather. That is the climatic phenomenon of Nature.
The unemployment rate this September in Taiwan Province stood at 5.26 percent, with the unemployed population reaching 520,000, rising for 13 months in a row. Over the past year, the suspension or entrenchment of business in workshops resulted from economic cycling factors has caused 158,000 people to lose their means of livelihood.
Taiwan's unemployment rate hit a new high of 4.92 percent in July due to economic sluggishness, according to reports reaching Hong Kong from Taibei Thursday.
Unemployment rate in the Taiwan region -- already plagued by the global economic slump -- may hit a new high of 5.0 percent in July as graduates began their search for jobs, a report said Sunday.
Taiwan's economic growth rate of the year 2001 will fall below 2 percent, despite an optimistic outlook that business conditions will recover by the end of this year, according to news from Taipei.
Taiwan's jobless rate in June hit a new high of 4.51 percent as graduates began their search for jobs amid an economic slowdown, officials said Monday.
About 15 percent of Taiwan's technology professionals are currently unemployed and a majority of the employed are insecure about their future, sources reaching here from Taipei said Tuesday.
Executives in most firms and factories are pessimistic about Taiwan's business conditions in the coming three months, according to Taiwan's local media Monday.
Taiwan Export Orders, Industrial Production Index Down in May
Export orders and the industrial production index showed unusual year-on-year decline of 13.96 percent and 5.29 percent in May, reported Taiwan's local media Friday.
Taiwan's Unemployment Rate Heads for 4 Percent
Taiwan's unemployment rate is expected to head for a new high in May due to the economy slowdown, according to reports reaching Hong Kong from Taipei Tuesday.
Digital Gap Wide in Taiwan
Taiwan lags developed economies in digitization and noticeable gaps exist between Taiwan's urban and rural areas and between the rich and poor, according to reports from Taipei Sunday.
James Soong: Improvement of Cross-Straits Relationship Crucial for Solving Taiwan's Economic Problem
James Soong, chairman of Taiwan's People First Party, said in an interview with media on June 6 that Taiwan's current economic fragility should be attributed mainly to politics, if cross-straits relationship was not improved, Taiwan's politics would not be stable. To improve Taiwan's economic situation, the island province should start from the core issue of cross-Straits deadlock and take concrete measures to solve the economic slowdown, he said.
Taiwan's Economic Woes Take Toll on Hawaii's Tourist Industry
Taiwan's continued economic slowdown has taken its toll on the tourism industry in Hawaii, reports reaching here from Taipei said Wednesday.
Slumping Economy Hits Taiwan's Crowded Media Market
Newspapers are high-profile businesses often founded by tycoons who hate to admit defeat. But that's what some Taiwanese media moguls are doing as the island's economy slumps and the crowded media market undergoes a shakeout.
Taiwan's Securities Tax Revenues Down 59.9 Percent
Taiwan witnessed a drop of 59.9 percent in the volume of securities transaction tax collected in May this year from the same month of 2000, Taiwan's media reported Saturday.
Taiwan Reports Drop in Business Transactions in March
The volume of business transactions for March in Taiwan dropped 2.99 percent to an estimated 686.3 billion new Taiwan dollars (20.3 billion US dollars) from a year earlier, reported Taiwan's local media Thursday.
Taiwan's Economic Indicator Hits a Historic Low
Taiwan's composite indicator for April plunged to an historic low as the island's economy continued to flag, the chief economic planning agency said Monday.
More Than 2,000 Taiwan Factories Closed in First Quarter
A total of 2,140 factories were shut down in Taiwan during the first quarter of this year, while some 1,251 new factories opened in the same period, according to the statistics released by the Taiwanese authorities Thursday.
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