‘CAPITAL REPATRIATION’: Exports of information and communications products rose 20.15 percent as Taiwanese companies returned home amid the US-China trade dispute
Taipei Times
Date: Aug 01, 2019
By: Crystal Hsu / Staff reporter
The nation’s economy last quarter expanded 2.41 percent annually, beating the government’s May
![](https://i1.wp.com/www.eyeontaiwan.com/wp-content/uploads/2019/07/p12-190801-aa2.jpg?resize=375%2C281&ssl=1)
Directorate-General of Budget, Accounting and Statistics Senior Executive Officer Huang Wei-jie reports on the economy at a media briefing in Taipei yesterday.
Photo: Cheng Chi-fang, Taipei Times
“Exports and private investment fared stronger than our expectations, thanks to order transfers and capital repatriation,” DGBAS Senior Executive Officer Huang Wei-jie (黃偉傑) told a media briefing in Taipei.
External demand contributed 0.72 percentage points to GDP growth during the April-to-June period, versus a drag three months earlier, as the decline in exports tapered to 2.58 percent. The agency had forecast a 3.43 percent decline.
Demand for semiconductors and electronics, the mainstay of Taiwanese exports, started to pick up, although most other categories continued to disappoint, Huang said. [FULL STORY]