Not so strait

摘要

The Taiwanese have not seen a contraction of their economy since they began compiling records in 1952. Two generations have grown up taking 8% annual growth for granted and thinking recession was an ailment of the sclerotic West. So with even the usually optimistic government number-cruncher predicting growth of minus 0.3% this year, the mood is close to panic. That may help explain a new readiness to contemplate expanding economic ties with mainland China.