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Slow Demand, China Supply Chain Gains Send Taiwan into Recession

Taiwan has fallen into economic recession after two quarters of decline in the value of goods and services produced. The world’s 19th largest economy says it is losing its edge to the fast-growing manufacturing center China. Taiwan’s major export markets are also not buying as much as they once did from Taiwan. Taiwan’s half-trillion-dollar economy has been all but synonymous with exports for decades. But according to the definition of many economists, the Asian Pacific island that...

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