Taiwan will let insurers to invest in infrastructure projects

Source: Reuters
© Scanpix/Reuters
Taiwan will allow insurance companies to invest $3.3 billion in infrastructure projects in order to lift its export-dependent economy, as it was harmed by weakening global demand. The official 2013 growth forecast was cut from 3.59% to 2.4% due to decreasing demand for its tech exports in China and the U.S. It is expected that the plan will increase the economic growth and improve government's fiscal situation.
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