Buy custom prospects for Taiwan's future economic growth
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Business
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| Number of pages / Number of words: |
2 / 560 |
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The specific plans include opening a common market, signing peace accords between China and Taiwan, and loosening restriction on investments in China. Many economists believe the third plan regarding legislation loosening restriction on investments in China could be speedily achieved as the KMT controls a majority of seats in Taiwan’s legislature...
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However, the first two plans won’t be reached soon because these two plans require a positive response from China. Given the slowing world economy, many economists generally believe that a fast-paced development of economic relations across the strait will not happen.
Like other developed economies, Taiwan now is facing the issue of continued relocation of labor-intensive industries to countries with cheaper work forces such as in China, India, and Vietnam...
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