TAIWAN
From Times Staff and Wire Reports
Surge in Imports Cuts Trade Surplus: A surge in imports and a dip in exports led to a 86.9% year-to-year decline in Taiwan’s trade surplus to $210 million in July. The Ministry of Finance said imports rose 22.1% to a record $6.68 billion while exports fell 2.7% to $6.89 billion. The surge in imports was the result of an increase in equipment and materials for Taiwan’s $303-billion, six-year national development plan, ministry officials said.
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