Dire Straits. Taiwan-Mainland ties warm amid economic deep freeze

The Taiwanese economy is in serious strife, which could trigger further engagement with the Mainland. The island’s fourth quarter GDP plunged an unprecedented 8.4% and further slides are possible this year as the island’s manufacturing-based economy suffers amid the global economic slump. Direct aviation links, enhanced in Dec-08 with the commencement of weekday cross-Strait services, are expected to strengthen as the economic storm rages. [931 words]

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This report contains the following subheadings:

• Strong Lunar New Year for cross-Straits services
• Upgrade to forecast arrivals from the Mainland
• Transit impact in Hong Kong and Macau
• Conclusion: Another step forward

This report contains the following charts and tables:

• Crucial cross-Straits negotiations next month
• Monthly capacity on Taipei to Macau services: Feb-2008 to Jan-2010
• Monthly capacity on Taipei to Hong Kong services: Feb-2008 to Jan-2010