Chinese slowdown will impact many

PAIN FOR EVERYONE Beijing's clampdown measures would impact China-based Taiwanese businesses, Taiwan's cross-strait exports and other countries as well

By Amber Chung / STAFF REPORTER

As a result, Lehman lowered its projection for Taiwan's economy for this year to 5.5 percent from its previous 6 percent forecast.

Wu, however, said that Taiwan's economic growth in the second half of this year could be repressed due to China's clampdown plans, oil price hikes and expected rises in interest rates.

Academia Sinica's growth rate forecast for Taiwan is expected to be revise upward in the middle of the year from the conservative 4.35 percent estimate it made last year.

Also see story:

At 3.8% China's April CPI higher than it forecasted