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Country name:

conventional long form: none
conventional short form: Taiwan
local long form: none
local short form: T'ai-wan
former: Formosa

 

Capital:

Taipei. Population: 2.6 million (2006).
 

 

Location:

Eastern Asia, islands bordering the East China Sea, Philippine Sea, South China Sea, and Taiwan Strait, north of the Philippines, off the southeastern coast of China

 

Area:

36,188 sq km (13,972 sq miles).

 

 

map of Taiwan

Description:
Though the Republic of China's territory includes dozens of small islands in the Taiwan Strait and the Pacific, the main island known as Taiwan covers the vast majority of the land area under Taiwanese administration. Almost two-thirds of Taiwan is covered by mountains, with 258 peaks over 3,000m (9,850ft), most of them heavily forested. The highest of these, Yushan (Jade Mountain), is northeast Asia's tallest mountain at 3,952m (13,042ft).
 

 

Population:

22.8 million (official figure 2006).

 

Languages:

As is the case in mainland China, the official language of Taiwan is Mandarin Chinese, commonly referred to as guoyu (��?national language'). However, the native Taiwanese tongue, alternatively called taiyu or minnan hua, is still widely spoken as a first language by the island's dominant ethnic group, which originally hails from China's southern Fujian province.
 

 

Climate:

A subtropical climate with moderate temperatures in the north, where there is a winter season. The southern areas, where temperatures are slightly higher, enjoy sunshine every day, and there is no winter season. The typhoon season is from June to October.

Economy - overview:

Taiwan was one of the first 'tiger economies' of the Pacific basin, enjoying phenomenal growth from the 1950s onwards.

Its success was built on a policy of rapid industrialisation coupled with low overheads and labour costs rather than raw materials, of which there is a dearth. Massive foreign currency reserves accumulated over the years have since helped Taiwan to minimise the effects of turbulence in the world economy.

After a brief recession in 2000/01, the economy is growing at a healthy rate (5.5% in 2007). The performance of the Taiwanese economy is significantly affected by external political and economic conditions, especially in China (PR). In January 2002, Taiwan was admitted to the World Trade Organisation.

Economy:

Taiwan was one of the first 'tiger economies' of the Pacific basin, enjoying phenomenal growth from the 1950s onwards.

Its success was built on a policy of rapid industrialisation coupled with low overheads and labour costs rather than raw materials, of which there is a dearth. Massive foreign currency reserves accumulated over the years have since helped Taiwan to minimise the effects of turbulence in the world economy.

After a brief recession in 2000/01, the economy is growing at a healthy rate (5.5% in 2007). The performance of the Taiwanese economy is significantly affected by external political and economic conditions, especially in China (PR). In January 2002, Taiwan was admitted to the World Trade Organisation.
 

Industries:

electronics, petroleum refining, chemicals, textiles, iron and steel, machinery, cement, food processing

 

Exports:
Computer products, electrical equipment, metals, plastic and rubber products, and chemicals.

Main trade partners: Australia, China (PR), Germany, Hong Kong (SAR) and Japan.

Imports:
Machinery and electrical equipment, minerals and precision instruments.

Exchange rates:
New Taiwan Dollar (TWD; symbol NT$) = 100 cents. Notes are in denominations of NT$TWD2,000, 1,000, 500, 200 and 100. Coins are in denominations of NT$50, 20, 10, 5 and 1.
http://www.worldtravelguide.net/country/273/money/Far-East-Asia/Taiwan.html

Exchange Rates


GDP :
US$375.6 billion (2007).
 

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  Copyright By :  Kish Trade Promotion Center  2002