Tag Archives | Taiwan

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Regional competition set to grow in Asia, as export opportunities reduce and imports increase

The above chart presents an excellent snapshot of the development of Asia’s chemical industry over the past 20 years. It comes from the American Chemistry Council’s global production report, and shows volume growth in each country/region, with a base of 100 in 2002. • China (blue line) has seen the largest growth over the past […]

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Japan’s exports fall record 49%, China builds inventory

Japan’s auto exports tumbled 71% in February, and its US exports fell 58%, causing total exports to decline 49%. Imports also fell 43%. Exports to China, however, were ‘only’ down 40%. And other NEA exporters, more dependent on Chinese markets, showed an improving position. S Korea’s exports were only down 17%, versus -34% in January. […]

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Asian exports collapse – Japan’s fall 46%

Japan’s exports fell 46% in January, after a 35% fall in December. Exports to the US fell 53%, and to China fell 45%. This makes it likely that Japan’s economy will shrink further, after the 3.3% decline in 2008. It could soon become the first G-7 economy to fall into depression – defined as a […]

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Asian economies hit: US home starts slump

Asia is hard-hit by the downturn in the Western economy. Today, China said its Q4 GDP had grown just 6.8%, the slowest level since 2001. This led premier Wen Jiabao to say the outlook for jobs was “very grim”. It also increased speculation that China will devalue the renmimbi, which would increase trade tensions within […]

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