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Taiwan economy shrinks at slower pace in 3Q

Quick ReadTaiwan economy shrinks at slower pace in 3Q as demand from China spurs recovery

TAIPEI, Taiwan (AP) — Taiwan's economy contracted at a slower pace year-on-year in the third quarter and the government raised its growth forecast for 2010 as rising demand from mainland China spurs a recovery.

The island's gross domestic product shrank a smaller-than-forecast 1.3 percent from a year earlier in the July-September period, the Directorate-General of Budget, Accounting, and Statistics...

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