Taipei - More than 7,000 small-and-medium enterprises have shut down in Taiwan in the past two years due to recession, a government agency announced Monday.
"At the end of 2006, there were 1.23 million small-and-medium enterprises in Taiwan. By the end of 2007, the number had dropped by more than 7,000," Lin Ping-pin, secretary-general of the National Association for Small-and-Medium Enterprises, said at a conference for small-and-medium enterprises, which is held every three years.