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Taiwan faces tough choices as COVID-19 cases hit record levels

Taiwan faces tough choices as infections hit record levels

Taiwan’s health minister last Tuesday said the island could see 1,000 local Covid cases a day by the end of the month. It hit that level just three days later, and must now choose between living with the virus like New Zealand or sticking with elimination strategies like in Hong…

Taiwan Bucks Global Slump With Record Surge in Export Orders

Taiwan Bucks Global Slump With Record Surge in Export Orders Bloomberg 1/20/2021 Samson Ellis and Chris Horton (Bloomberg) Taiwan’s exporters defied a global slowdown to post record orders in 2020, fueled by rising demand for chips and smartphones. Export orders climbed 10.1% last year to $533.7 billion, an all-time high, according to data from Taiwan’s Ministry of Economic Affairs. Orders surged 38.3% in December from a year earlier, the fastest pace since March 2010, to reach a new monthly record of $60.6 billion. © Bloomberg Taiwan export orders increase at fastest pace since 2010 Officials see the strong growth continuing into the new year, forecasting January orders to rise between 44.5% and 48.7%. The Lunar New Year holiday falling in February this year will not affect January’s numbers, Huang Yu-lin, director of the ministry’s statistics department, said at a briefing Wednesday.

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