GOLDEN WEEK:Companies are growing their inventories ahead of the week-long holiday in China to meet expected higher demand for new electronic gadgets there
Date: Apr 11, 2017
By: Crystal Hsu / Staff reporter
The nation’s exports grew 13.2 percent year-on-year to US$25.71 billion last month, as local firms benefited from inventory-building demand ahead of high-season sales in China, and development of next-generation electronic devices, the Ministry of Finance said yesterday.
The growth dynamism could sustain this quarter, as the world economy is gaining momentum, giving global technology brands confidence to upgrade devices to boost sales.
“Exports saw an uptrend for the sixth consecutive month and recovered above the US$25 billion mark, in line with a stable economic recovery at home and abroad,” Department of Statistics Director-General Beatrice Tsai (蔡美娜) said.
The upcoming Golden Week in China to celebrate Workers’ Day is leading firms to build inventory as people are expected to take advantage of the week-long holiday to buy new electronic gadgets, Tsai said. [FULL STORY]