China Trade Collapse Weakens Taiwan Dollar
China Trade Collapse Weakens Taiwan Dollar
The economic downfall of the mainland has led to less exports from Taiwan and, as a result, a weakened Taiwan dollar. In an effort to cut costs, China started purchasing from domestic suppliers early last year and suppliers from surrounding Asian countries are now feeling the backlash of this decision.
http://www.bloomberg.com/apps/news?pid=20601080&sid=a5LyvxW5hxyM&refer=asia
The economic downfall of the mainland has led to less exports from Taiwan and, as a result, a weakened Taiwan dollar. In an effort to cut costs, China started purchasing from domestic suppliers early last year and suppliers from surrounding Asian countries are now feeling the backlash of this decision.
http://www.bloomberg.com/apps/news?pid=20601080&sid=a5LyvxW5hxyM&refer=asia
posted by Joshua Masters at 10:28 AM
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