OTHER NEWS - Aug. 17, 1992

Taiwan Savings Rate Falling: Taiwan’s savings rate, though still one of the highest in the world, is expected to fall to a 17-year low this year because of surging consumer spending and flows of capital abroad. The savings rate will drop to 27.9% of gross national product in 1992 from 29.5% in 1991, the semi-official Central News Agency quoted the government’s bureau of statistics as saying. The bureau said the fall was worrisome because Taiwan will need increasing amounts of capital to fund its $300-billion, six-year development plan ending in 1997.