Too strong too long: Taiwan exporters rail at rising currency

Article Abstract:

The Central Bank of China, Taiwan's central bank, has been criticized by Taiwanese exporters for allowing the Taiwan dollar to appreciate thereby reducing the earnings of the export-oriented manufacturing sector. Labor-intensive manufacturing industries, such as the textiles and footwear industries, have filed their protests with Central Bank of China Gov Samuel Hsieh. However, these manufacturers have failed in their efforts to influence Hsieh or any of the concerned cabinet ministers. The Taiwan dollar has appreciated 60% against the US dollar since 1985 and rose 10% from 1991.

Economic aspects, Corporations, Corporations, Taiwanese, Dollar (Taiwan)

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Fat chance

Article Abstract:

Taiwanese President Lee Tenghui has asked Taiwanese corporations to consider investing elsewhere than in China, but his plea is unlikely to be heeded. Tenghui's ostensible rationale is to avoid becoming overly dependent on China, but many believe it to be a political response to China's recent threatening moves against Taiwan. Taiwanese corporations find China too attractive an opportunity to take Tenghui's advice despite the fact that Formosa Plastics, at least temporarily, withdrew an application to build a power plant.

China, Chinese foreign relations, Chinese (Taiwan) foreign relations

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Signal failure: Taiwan confuses investors by halting inflows

Article Abstract:

Taiwan's Central Bank of China's policy of temporarily stopping the flow of foreign currency into the country is designed to stabilize the Taiwan dollar against the US dollar. The decision, however, is perceived by foreign investors as a move against the influx of foreign investments into Taiwan. Foreign investment fund approvals have been limited to prevent big amounts of foreign capital from flowing into the country in single deals.

Central Reserve Depository, Central Bank of China

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