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| The Economic Roundup is an excerpted translation of the Chinese-language ROC Economic Yearbook published by the Economic Daily News, a sister publication of the Taiwan Economic News. The yearbook is the most comprehensive and authoritative source for understanding the fundamentals of Taiwan's economy, both in the macro and micro aspects. The excerpted translation gives foreign readers a concise view of the island's overall economic picture. It is divided into four parts: general economy, primary industries, secondary industries, and tertiary industries. |
| Secondary Industries > Bicycles And Parts |
| Taiwan's production value of bicycles reached NT$35.05 billion in 2005, up 21.4% from 2004, and that of bicycle parts and accessories surged 10% to NT$22.04 billion.
Last year, Taiwan exported 4.60 million bicycles, up 5.84% from 2004's 4.34 million units. The export value came to US$918 million, showing a record-high annual growth of 27.47%.
Last year, the Ministry of Economic Affairs set up a task force to monitor Taiwan's bicycle exports to the European Union, and makers set off to develop Taiwan into an island for the production of light-weight bikes. Imports of bicycles from mainland China posted an annual rise of 28% in 2005. |
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