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Taiwan-China trade up 14.3 percent in five months

For the five-months, shipments to mainland China accounted for 27.9 percent of Taiwan's total exports, compared with 27.7 percent a year earlier, it said.
by Staff Writers
Taipei (AFP) Jul 27, 2006
Indirect trade between Taiwan and China in the five months to May rose 14.3 percent from a year earlier to 33.89 billion US dollars despite lingering hostility between the two rivals, the Board of Foreign Trade said Thursday.

The figure accounted for 20 percent of Taiwan's total external trade in the month, compared with 19.4 percent a year earlier, it said, citing statistics compiled by the island's and Hong Kong customs.

For the January-May period, Taiwan registered a trade surplus with China of 15.13 billion dollars, up 10.7 percent as exports rose 13.2 percent to 24.51 billion and imports increased 17.4 percent to 9.38 billion dollars.

For the five-months, shipments to mainland China accounted for 27.9 percent of Taiwan's total exports, compared with 27.7 percent a year earlier, it said.

Imports from China during the period accounted for 11.5 percent of Taiwan's total imports, up from 10.7 percent, it added.

The World Trade Organisation last month urged Taipei to adopt freer trade ties with China in order to stimulate growth and investment in a first-ever review of Taiwan's trade policy since the island joined the global body four years ago.

Despite closer economic links between the two rivals, Taipei still bans the import of 2,200 Chinese products.

Taiwan has been ruled separately since the end of China's civil war in 1949. China considers it a part of its territory which must eventually be reunified.

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Group reports riot at McDonald's toy factory
Beijing (AFP) Jul 27, 2006
More than 1,000 workers rioted over poor working conditions at a factory in southern China which produced toys for McDonald's and other firms, a US labor rights group said Thursday.







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