TAIPEI (Reuters) -Taiwan may benefit from orders being shifted to the island if China’s power curbs disrupt the country’s exports, Taiwan Central Bank Governor Yang Chin-long said on Thursday. Yang, taking lawmaker questions in parliament, said that if China’s power crunch caused its exports to do badly, manufacturers could shift orders to the island. China’s new export orders contracted again in September, but less than the previous month, according to its official manufacturing Purchasing Managers’ Index (PMI). Yang said the central bank is also paying close attention to the impact of China’s electricity problems on financial markets. If the United States decides to raise rates, Taiwan may also consider following suit, he said.

Source: MetroXpress September 30, 2021 02:26 UTC