From http://www.cepd.gov.tw/encontent/m1.aspx?sNo=0014545 (in English)
The Taiwanese Council for Economic Planning and Development has released the information on the economic indicators corresponding to October 2010, which can be found on the link above.
Monday, November 29, 2010
Friday, November 26, 2010
Forecast for Singapore economy
From http://www.earthtimes.org/articles/news/353724,exports-surge-35-october.html and http://www.earthtimes.org/articles/news/354061,economic-growth-slow-year.html (in English)
Despite the huge increase in exports (35%) in October 2010, mainly to European Union countries and to United States, Singapore economy is expected to slow down next year. Estimations of the evolution of GDP in 2011 show a growth of 4-6%, which represents 1/3 of the growth rate of GDP expected for 2010, estimated at 15%.
Despite the huge increase in exports (35%) in October 2010, mainly to European Union countries and to United States, Singapore economy is expected to slow down next year. Estimations of the evolution of GDP in 2011 show a growth of 4-6%, which represents 1/3 of the growth rate of GDP expected for 2010, estimated at 15%.
Thursday, November 25, 2010
Catalan clothing company Desigual in China by 2012
From http://www.expansion.com/2010/11/24/empresas/distribucion/1290635106.html (in Spanish)
Barcelona based clothing company Desigual is aiming at opening stores in China by 2012, as part of the exponential growth that is experiencing in the recent years. Annual sales have went from 8 million euros in 2002 to more than 300 million euros in 2009, with forecasts for 2010 and 2011 of 450 million euros and 675 million euros, respectively. Desigual is planning to establish its base in Shanghai in 2011 in order to be able to open its first store in China in 2012.
Barcelona based clothing company Desigual is aiming at opening stores in China by 2012, as part of the exponential growth that is experiencing in the recent years. Annual sales have went from 8 million euros in 2002 to more than 300 million euros in 2009, with forecasts for 2010 and 2011 of 450 million euros and 675 million euros, respectively. Desigual is planning to establish its base in Shanghai in 2011 in order to be able to open its first store in China in 2012.
Taiwan unemployment rate below 5%
From http://www.chinapost.com.tw/taiwan/national/national-news/2010/11/23/281002/Taiwan-jobless.htm (in English)
After 23 months, Taiwan's unemployment rate has dropped again below 5% thanks to the decrease of 14,000 jobless people in October 2010. After seasonal adjustment, the present unemployment rate in Taiwan is 4.96%, down 0.12% from September 2010 and 1.05% lower than 1 year ago. The worse unemployment rate ever in Taiwan achieved 6.13% in August 2009.
After 23 months, Taiwan's unemployment rate has dropped again below 5% thanks to the decrease of 14,000 jobless people in October 2010. After seasonal adjustment, the present unemployment rate in Taiwan is 4.96%, down 0.12% from September 2010 and 1.05% lower than 1 year ago. The worse unemployment rate ever in Taiwan achieved 6.13% in August 2009.
Wednesday, November 24, 2010
Chery investment in Catalonia evaluated
From http://www.catalannewsagency.com/news/business/pedro-nueno-%E2%80%9Cit-makes-all-sense-world-chery-invest-catalonia%E2%80%9D (in English)
In an interview by the Catalan News Agency, Prof. Pedro Nueno has declared that it makes sense for Chery to invest in Catalonia, where there is a long tradition of car production with Seat and Nissan. The important network of suppliers, the links with other high-value sectors, the highly qualified workforce and the proximity of Barcelona port and its infrastructure are some of the strong points that may bring the Chery manufacturing plant to Catalonia in a near future. Prof. Nueno sees this plant as a great opportunity for Catalonia and thinks it will be compatible with the one that Chery will open in Turkey, but warns the politicians to be agile and do not hesitate on the decision-making process.
In an interview by the Catalan News Agency, Prof. Pedro Nueno has declared that it makes sense for Chery to invest in Catalonia, where there is a long tradition of car production with Seat and Nissan. The important network of suppliers, the links with other high-value sectors, the highly qualified workforce and the proximity of Barcelona port and its infrastructure are some of the strong points that may bring the Chery manufacturing plant to Catalonia in a near future. Prof. Nueno sees this plant as a great opportunity for Catalonia and thinks it will be compatible with the one that Chery will open in Turkey, but warns the politicians to be agile and do not hesitate on the decision-making process.
Spanish car manufacturer Seat analyzes Chinese market
From http://www.expansion.com/2010/11/24/empresas/auto-industria/1290596328.html (in Spanish)
Spanish car manufacturer Seat, subsidiary of the German Volkswagen Group, has started analyzing the potential acceptance of its cars in the Chinese market, as confirmed by the company's representative Mr. Francisco Javier García Sanz on the 25th Meeting of the Automotive Sector that was held in Barcelona on 23 and 24 November 2010.
Spanish car manufacturer Seat, subsidiary of the German Volkswagen Group, has started analyzing the potential acceptance of its cars in the Chinese market, as confirmed by the company's representative Mr. Francisco Javier García Sanz on the 25th Meeting of the Automotive Sector that was held in Barcelona on 23 and 24 November 2010.
Monday, November 22, 2010
Taiwan’s standard of living ahead of Japan’s
From http://www.economist.com/node/17473187?story_id=17473187&fsrc=rss (in English)
When calculated at market rates, Japan’s per head income ($42,300) is much higher than Taiwan’s ($18,300), but when the costs of living in these societies are taken into account some surprising changes appear. If calculated according to the purchase-power parities (PPPs) system, in 2010 Taiwan’s standard of living has just surpassed Japan’s. Cheaper housing (one third of Japan’s) and food (half) are the main factors equalizing the differences observed in the index based on market rates. According to the International Monetary Fund and with calculations based on the PPPs system, Japan’s income per head is estimated at $33,800, whereas Taiwan’s is estimated at $34,700. Other east asian countries that initially followed the trail of Japan’s economy but that surpassed it based on the PPPs calculations are Singapore and Hong Kong, with South Korea also bridging the gap.
When calculated at market rates, Japan’s per head income ($42,300) is much higher than Taiwan’s ($18,300), but when the costs of living in these societies are taken into account some surprising changes appear. If calculated according to the purchase-power parities (PPPs) system, in 2010 Taiwan’s standard of living has just surpassed Japan’s. Cheaper housing (one third of Japan’s) and food (half) are the main factors equalizing the differences observed in the index based on market rates. According to the International Monetary Fund and with calculations based on the PPPs system, Japan’s income per head is estimated at $33,800, whereas Taiwan’s is estimated at $34,700. Other east asian countries that initially followed the trail of Japan’s economy but that surpassed it based on the PPPs calculations are Singapore and Hong Kong, with South Korea also bridging the gap.
International Monetary Fund
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