Friday, August 24, 2007

Taiwan's economy expands at a faster-than-expected 5.07%

The China Post -Taiwan's economy grew at a faster-than-expected pace in the second quarter as consumers and companies spent more while exports to China increased. Gross domestic product expanded 5.07 percent from a year earlier, the strongest rate in 1 1/2 years, outpacing the median estimate of 4.35 percent in a Bloomberg News survey. Full Story