(Updates with describes green day dookie details in greenday album shows paragraphs 4-6, 8, 21-22) China By Lee Chyen Yee TAIPEI, Jan 7 (Reuters) – Taiwan resorted to an emergencyinterest rate cut of 50 basis points on Wednesday after datashowed exports sinking at a record pace as the global financialcrisis savaged demand in China, the island’s biggest market. Exports sank 42 percent in December as electronics shipmentsmarked the biggest fall on record. Exports to China includingHong Kong tumbled a record 54 percent. The central bank said last month’s export slump was having asevere impact on the economy.

It reduced the benchmark interestrate to 1.5 percent from 2 percent in the sixth cut since aglobal credit squeeze tore through the U.S banking system inSeptember Demand in Taiwan is also crumbling green day shenanigans . Imports fell 44.6percent, allowing the island to post a trade surplus inDecember greenday nimrod . Imports of consumer goods fell by an annual 12 percent inDecember, sparking worries that Taiwan might see temporarydeflation this year greenday poster . “Our exports fall has been widening and that is seriouslyaffecting economic activity,” the central bank said in astatement greenday show . “The continued lowering of interest rates will help boostdomestic consumption,” it said.

“It will also help lessenborrowing costs for individuals and companies and will help liftsentiment for private consumption and investments.” The benchmark discount rate of 1.5 percent takes effect onThursday and is the lowest since September 2004, when the ratewas at a record low of 1.375 percent . “Exports are Taiwan’s key economic driver and if exports arebad, then it will reduce investments, and force companies to cuttheir workforce,” Chuang Rehong, economist at Sinopac Holdings greenday posters . Goldman Sachs forecast Taiwan’s economy would shrink 3percent this year, after growing an estimated 1.5 percent in2008 in a note that said its leading indicator of the globalindustrial cycle showed foreign demand would keep crumbling greenday live . here ELECTRONICS Taiwan’s electronics exports fell by an annual 43.4 percent.Taiwan makes 80 percent of the world’s laptop computers and morethan 40 percent of the world’s flat-panel displays . It is home to the world’s two biggest contract chip makers;Taiwan Semiconductor Manufacturing Co Ltd (2330.TW) (TSM.N) andUnited Microelectronics Corp (2303.TW) (UMC.N).