Orders in March shrank by more than 25% against last year, dropping for a seventh consecutive month The global hi-tech hardware powerhouse, Taiwan, has seen its export orders drop at a record pace amid shrinking demand on semiconductors, South China Morning Post reported this week, citing data from the country’s Ministry of Economic Affairs. According to the SCMP report, Taiwan’s orders for overseas shipments in March fell by 25.7% against the same period last year, to $46.58 billion, logging a seventh consecutive month of decline. The March drop was also the sharpest since January 2009, when exports fell amid the
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