Taiwan economy rallies despite banking malaise

Although there is short-term optimism about the Taiwanese market, increasing investment by companies into China will serve to hollow out the manufacturing sector in the long term. Taiwan remains highly dependent on technology and semi-conductor enterprises, although there is believed to be a rising consumption story. The best performing sector in the Taiwanese economy for the year to 25 November was autos, which returned 130.57% in local currency terms. This was followed by the rubber sector, which returned just under 83%, and steel, which gained just under 70%. The electronics sect...