HOLIDAYS:China’s Singles’ Day shopping event next month and the beginning of shopping for the Christmas season have businesses increasing their inventories
Date: Oct 12, 2017
By: Crystal Hsu / Staff reporter
The nation’s exports last month spiked 28.1 percent from a year earlier to a record high of US$28.9 billion, as demand for electronic components gained traction ahead of high sales seasons in China and the West, the Ministry of Finance said yesterday.
The growth momentum might continue but slow to a single-digit percentage this month due to fewer working days and a high comparison base last year, it projected.
“Technology brands worldwide are building up inventory to take advantage of a stronger than expected global economy, bolstering business of firms in their supply chains,” Department of Statistics Director-General Beatrice Tsai (蔡美娜) told a media briefing.
Taiwanese firms supply chips, camera lenses, casings, touch panels and other critical components to Apple Inc and China’s Oppo Mobile Telecommunications Corp (歐珀移動), Huawei Technologies Co (華為) and other brands. [FULL STORY]