BIZCHINA / Center |
Taiwan export orders probably climbs 10.1% on mainland demand(Bloomberg)Updated: 2007-06-25 10:22 Taiwan Province's export orders probably grew in May at a similar pace to April as electronics demand in China, the island's biggest overseas market, offset weaker sales to the US. Export orders, indicative of actual shipments in one-to-three months, climbed 10.1 percent from a year earlier, according to the median estimate of 10 economists in a Bloomberg News survey. Export orders advanced 11.3 percent in April from a year earlier. The report is due at 4 pm in Taipei today.
Increased sales of liquid-crystal displays and personal computers to the mainland may help Taiwan's economy weather slowing demand from the US, the island's second-biggest export market. Rising incomes are stoking consumption in the mainland, where the world's fastest-growing major economy expanded 11.1 percent in the first quarter from a year earlier. The mainland's imports from the rest of the world rose 19.1 percent in May from a year earlier after increasing 21.3 percent in the previous month. (For more biz stories, please visit Industry Updates) |