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Taipei's famous bookshops turn over new leaf in the story of economic success

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SCMP Reporter

Chung King South Road in Taipei used to be a mecca for Hong Kong bookworms. Each year, tens of thousands of visitors went there for shopping sprees.

They would fly home with Chinese classics, computer literature, dictionaries and translations of foreign novels.

The book heaven is a small area in front of the famous New Park near Taipei train station. Years ago, only two types of shops dominated the streets there. First were what Taiwanese called yin lou, or silver shops. The yin lou were a product of Taiwan's stringent foreign exchange controls. They changed US dollars for local currency at black-market rates.

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As Taiwanese grew richer and the Government became more confident about its economy, exchange controls were gradually lifted. Only a few yin lou are left and they mostly sell antiques or second-hand goods.

The second type were bookstores, selling almost every Chinese book in print.

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Before Taiwan strengthened its copyright laws, they had perhaps the best collection of Chinese translations of foreign literature - legally and illegally. But best of all was that saving on royalties meant most translations were so cheap Hong Kong people were willing to pay for air tickets to fill their suitcases.

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