Asian Development Outlook 2013 - Tapei (China) :
Economic activity picked up in the second half of 2012, compensating for the slump in the first half to record growth at 1.3%. As external conditions improve, this tepid economic expansion is giving way to more robust growth in 2013 and 2014 without igniti...
ng inflation. The authorities should continue to maintain adequate policy flexibility to respond to economic challenges that may be posed by a slowdown in the PRC or a weaker yen.
Merchandise exports and imports shrank in 2012 (Figure 3.13.5). Merchandise exports fell by 2.4%, despite a rebound in the second half
of the year, when exports increased to the US; the euro area; the PRC;
Southeast Asia; and Hong Kong, China. The ASEAN-6 trade bloc within
the Association of Southeast Asian Nations took 18% of exports. Imports declined by 3.7%, mainly because of subdued investment.
Source: CEIC Data Company (accessed 12 March 2013), Poeple's Bank of China - http://www.pbc.gov.cn/ - Asian Development Outlook 2013 - Tapei (China)
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