Mon, Dec 23, 2013 - Page 14 News List

Taiwan Business Quick Take

Staff writer, with CNA


Chinese hungry for phones

Annual smartphone demand in China could rise almost 28 percent next year, but the growth is moderating from that of the previous two years, according to Digitimes Research. In a recent research report, Digitimes said smartphone demand in China next year is expected to hit 436 million units, up 27.6 percent from this year. The increase will be slower than the year-on-year rises of 184.4 percent and 50.1 percent, seen last year and this year respectively. Next year, Chinese vendors are expected to provide their home market with 279 million units, while foreign brands could sell almost 158 million units, up 3 percent from this year, the research firm said. Digitimes said Chinese smartphone vendors’ shipments to the global market for next year are likely to grow by about 28 percent from a year earlier to 407 million units.


Flow of money to PRC slows

Taiwan’s investments in China in the first 11 months of this year fell more than 22 percent, reflecting the slowing pace of the global economic recovery, government statistics released by the Investment Commission showed on Saturday. The data also demonstrated that Chinese authorities’ intensified efforts to curb house prices and to prevent people from indulging in luxury goods have slowed down the pace of Taiwanese investors moving funds to the country. In the 11 months, Taiwan’s investments in China totaled US$7.64 billion, down 22.28 percent from a year earlier. Last month alone, the funds moved by Taiwanese investors to China plunged 47 percent year-on-year to US$629.11 million, the statistics showed. Meanwhile, Chinese investors brought a total of US$354 million into Taiwan during the first 11 months, up 102.10 percent from a year earlier.

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