Taiwan's Economy at Crucial Crossroads

Taiwan's economy is expected to grow in 2013 from the sharp slowdown in 2012 thanks to an anticipated recovery in demand from its key export markets. In the long run however, the US' and Europe's unsolved debt problems, China's industrial upgrading and Taiwan's minimal involvement in regional economic integration will affect the island's export prospect. The Taiwan government is likely to open itself more to China as it is the easiest short-term solution.