<b>Taiwan 2008:</b> Local Market Flourishing

TAIPEI, Taiwan - As the pre-eminent country in the world for the production of bicycles and bicycle related products, Taiwan is being buffeted by the waves of economic turmoil resulting from the credit crisis. Until now all the signs for bicycle sales in the world are green but this might change overnight. Between January and August last year, the Taiwanese bicycle industry managed to maintain their 2007 double digit sales