Nation ranks second
Taiwan will post the second-highest economic growth rate in Asia over the next two years because of a rebound in exports, a Hong Kong-based brokerage group predicted on Monday. The nation is expected to enjoy relatively strong economic growth of 5.7 percent next year and 4.2 percent in 2015, while keeping inflation at an estimated 2 percent next year and 1.6 percent two years from now, said Eric Fishwick, head of economic research at financial services group CLSA Ltd. The bullish forecast is based on the global economy finally showing steady signs of recovery after the 2008 to 2009 financial crisis, he said at a press briefing on the opening day of the CLSA Investors’ Forum. Singapore was predicted to lead Asia in growth rates over the next two years.
PC-maker invests in China
Contract personal computer maker Inventec Corp (英業達) yesterday said its board had approved a plan to invest US$50 million in setting up a regional operation center in China. The plans are in order to better manage its Chinese subsidiaries. Inventec also makes smartphones for the privately owned Chinese company Xiaomi Corp (小米). The investment will be made via an overseas subidiary, Inventec said in a filing to the Taiwan Stock Exchange. Inventec has invested a total of US$327 million in China.