Taiwan’s lagging exports are expected to pick up in the fourth quarter this year. That was the word from the finance minister, Chang Sheng-ford, on Monday.
Taiwan’s exports showed negative growth in the first three weeks of September, which was also the eighth month in a row that exports declined.
However, Chang said that exports are expected to perform better in the fourth quarter, getting a boost from Thanksgiving, Halloween, and Christmas.
Chang attributed the recent declines to plummeting oil and mineral prices, the rise of China’s “red supply chain”, and Taiwan’s overdependence on electronic exports.