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TAIWAN'S Q3 BALANCE OF PAYMENTS POSTS US$1.855BLN SURPLUS.

AsiaPulse News

| November 01, 2004 | COPYRIGHT 2004 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

TAIPEI, Nov 1 Asia Pulse - Taiwan's balance of payments for the third quarter of this year was about US$1.855 billion, down from both Q1 and Q2 levels, a spokesman for the Central Bank of China (CBC) reported.

Citing the newest statistics compiled by the CBC, the spokesman said the figure represented a fall from the Q1 level of US$21.1 billion, an historical quarterly high.

It was also smaller than the Q2 level of US$3.05 billion, he said.

The CBC official attributed the lacklustre performance for the July-September period to a smaller net influx of foreign capital due to a sluggish stock market and mediocre growth in the foreign trade surplus registered by the country as a whole.

Capital outflows in the third quarter were quite obvious compared to the Q2 capital movement, he noted.

Meanwhile, tallies published that same day by the Bureau ...

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Source: HighBeam Research, TAIWAN'S Q3 BALANCE OF PAYMENTS POSTS US$1.855BLN SURPLUS.

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