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by alephnerd
868 days ago
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I tend not to trust CEIC - they have had issues converting data over time periods, which is critical for the NTW as it has been extremely volatile over the past decade. For now, let's use Monthly Household Income sourced from the Taiwanese DGBAS and in NTW [0] In 2016 it was NTW 84000 but by 2022 it was NTW 99000, which isn't a significant change, especially factoring the craziness the NTW has had since 2016. > stagnation from 2011 to 2017 is due to the pro-China president ... That reversed in 2016 with the Pro-Taiwan president It wasn't a DPP vs KMT issue. China had a stock market crash in 2015-16 [1], and Taiwanese companies were heavily exposed, as China is Taiwan's largest trading partner by a longshot. On top of that Taiwanese companies were already facing the brunt of the collapse of the CSSTA [2]. [0] - https://tradingeconomics.com/taiwan/disposable-personal-inco... [1] - https://en.wikipedia.org/wiki/2015%E2%80%932016_Chinese_stoc... [2] - https://en.wikipedia.org/wiki/Cross-Strait_Service_Trade_Agr... |
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