Taiwan Benefits from Jump in Exports to China

Taiwan recorded an annualized growth rate of 18 percent for the final three months of 2009. The level of growth was much greater than expected and can be attributed to a massive increase in demand in China for Taiwan’s high-tech products.

China’s economy also grew in the fourth quarter, expanding at an annualized rate of 10.9 percent and is on target to surpass Japan as the world’s second largest economy.

Source: BBC News

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