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| | Taiwan (04/06) |
 | | Although Taiwan enjoyed sustained economic growth, full employment, and low inflation for many years, in 2001, the combination of the slowing global economy, weaknesses in parts of the financial sector, and sagging consumer and business confidence in the government's economic policymaking resulted in the first recession since 1952. |
 | | Taiwan is the United States' eighth-largest trading partner; Taiwan's two-way trade with the United States amounted to $56 billion in 2004 and rose 1% to $57 billion in 2005. |
 | | Taiwan's armed forces were reduced as part of a reform initiative from 1997 to 2001, going from about 450,000 to 385,000, with further reductions since then bringing the total force level down to just under 300,000. |
| www.state.gov /r/pa/ei/bgn/35855.htm (6802 words) |
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