Taiwan’s exports shrink

Taiwan’s exports fell significantly last month. The main reason for the surprising decline was the falling demand from China and Hong Kong. The number of orders from there dropped by around 23 percent, Bloomberg reported, citing Taiwan’s Ministry of Economic Affairs. A 6.9 percent year-on-year increase in exports to the United States failed to compensate for the decline in exports to China. Orders reportedly fell in all product categories except electronics. Semiconductors also fall into this category.