Taipei (ANTARA News/Asia Pulse) - With China leading the global economic recovery, two-way trade across the Taiwan Strait is regaining momentum steadily and Taiwan's export reliance on China has risen correspondingly, government sources said Thursday.

In August, Taiwan's exports to China reached US$6.09 billion, an 11-month high since the global financial crisis hit its peak last September, the Bureau of Foreign Trade (BOFT) under the Ministry of Economic Affairs said in a press statement.

Despite a rebound in shipments to China month-on-month, August's export amount still marked a 17.7 per cent decline from the year-earlier level because of an export boom that ran until August 2008, the statement said, adding that the year-on-year export decrease for the month was the smallest in 11 months.
 
 

Source:
Business in Asia Today - Oct 30, 2009
published by <a href="http://www.asiapulse.com">Asia Pulse</a>