Taiwanese economy expanded by 3% in Q118

Driven by strong exports and private consumption, Taiwan’s economy expanded 3.04 % in the first quarter on a y-o-y basis, according to an estimate from the National Statistics Office. The result beat an earlier forecast of 2.77 percent made by the same agency in February. Exports of goods and services grew by 6.03 percent, mainly driven by the strong demand for electronic components and machinery. Imports also increased by 5.61 percent. Private final consumption grew by 3.02 percent, mainly reflecting the increase of consumption in transport, recreation and culture, and financial services said the press release. On the same day, … Continue reading Taiwanese economy expanded by 3% in Q118

XINHUA: China and African states agreed to strengthen cooperation and innovation on renewable energy

The China-Africa Renewable Energy Cooperation and Innovation Alliance (CARECIA) was established in Beijing on Monday to boost cooperation between China and Africa on clean energy. Members of the alliance include finance institutions, smart grid providers and core manufacturers in renewable energy. According to a sustainable development plan, CARECIA will help to establish power supplies and transmission systems in Africa through public-private partnership (PPP) projects. The alliance will promote renewable energy, said Ding Yuxian of the China Industry-University-Research Institute Collaboration Association. Wider application of Chinese standards in Africa will boost renewable energy in both China and Africa, she said. “We need … Continue reading XINHUA: China and African states agreed to strengthen cooperation and innovation on renewable energy