Taiwan’s ‘new normal’ of volatility and deterrence

Volatility is perhaps the best word to describe Taiwan’s 2022. Though initial economic forecasts expected Taiwan to continue its strong growth from 2021, Taiwan’s actual annual GDP growth rate — 2.43% — was nearly half of 2022’s projected 4.42%. Actual growth in the fourth quarter contracted 0.86%, a rare 5% departure from the original forecast of a […]Continue Reading

Former chairman of China Zheshang Bank under investigation

BEIJING: Former chairman of China Zheshang Bank is under investigation for suspected violations of law and discipline, an anti-graft watchdog in the eastern province of Zhejiang said on Monday (Feb 6). Shen Renkang, also former party chief of the joint-stock commercial bank based in Zhejiang, was removed from his managementContinue Reading