Taiwan-China trade rises 25.8 per cent in 2000
gustav88 at SPAMms13.hinet.net
Fri Mar 2 20:12:39 MST 2001
This is part of the accelerating integration of these two entities. Taiwanese
and foreign capitalists are busy pushing for direct links and already shifting
their operations out of Taiwan to the PRC. The predictable effects on Taiwan are
already starting to be felt with rising unemployment, rising suicides, increased
worries about the future etc. This combined with WTO accession will likely cause
a general decline in the standard of living for most Taiwanese as they are
forced to compete with PRC's far cheaper labour. This begun to occur in the past
few years among Taiwan's working class as labour intensive industries began
shifting elsewhere. This is now starting to move up the social ladder as high
tech companies begin their exodus. However the Taiwanese elements of the
transnational business class and their attendants will of course emerge
wealthier as shown in Taiwan rapidly increasing income inequality.
Ulhas Joglekar wrote:
> 28 February 2001
> Taiwan-China trade rises 25.8 per cent in 2000
> TAIPEI: Taiwan-China trade increased 25.8 per cent to $32.39 billion in
> 2000, according to the economic ministry on Tuesday.
> The island posted a trade surplus with China of $19.94 billion in the year,
> up 19.4 percent from 1999, the ministry said.
> Taiwan exports to China in 2000 totalled $26.16 billion , up 23.3 percent,
> and its imports from China grew 37.5 percent to $6.22 billion, the ministry
> In December alone, bilateral trade totalled $2.59 billion dollars, up 11.0
> percent year-on-year, it said.
> Taiwan posted a trade surplus with China in December of $1.64 billion , up
> 12.1 percent from a year earlier, the ministry said.
> Taiwan exports to China in the month moved up 11.5 percent to $2.11 billion
> dollars while imports from China totalled $474.8 million, up 9.1 percent, it
> The month's growth in imports from China was the first single-digit growth
> recorded since October 1999, the ministry said.
> Taiwan has banned direct cross-strait contacts since it was separated from
> the mainland in 1949 at the end of a civil war.
> But indirect commerce and investments, made mainly through Hong Kong, have
> prospered after Taipei allowed civilian exchanges in late 1987. (AFP)
> For reprint rights:Times Syndication Service
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