Taiwan's export orders post first fall in 6 years
Published: 25 Nov 2008 02:11:09 PSTNov. 25, 2008 (China Knowledge) - Taiwan's export orders are going through a fall for the first time in six years in October as overseas demand continued to weaken, sources reported. Export orders in October totaled US$30.41 billion, representing a year-on-year decrease of 5.56%, which mainly dragged down by shrinking demand for computer chips, laptops and handsets. Orders from the U.S. dropped 6.99% from a year earlier to US$7.05 billion, while that from mainland China and Hong Kong plummeted 22.84% to US$6.74 billion. According to a statement by the Taiwanese authorities, Taiwan's economy will follow Hong Kong, Japan and Singapore into recession in the fourth quarter of this year. Copyright © 2008 www.chinaknowledge.com Send feedback or comments to: news@chinaknowledge.com For more news, financial weekly reports, business guides to China and other premium information, subscribe to China Knowledge today: To access our page on Bloomberg, type CKFI | 
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