Economic growth 結果共86筆

Taiwan’s Minister of Economic Affairs emphasizes the importance of key tech industries to the country’s economy and the need to protect them from corporate espionage. The high-tech sector in Taiwan has attracted attention from mainland China, resulting in the headhunting of Taiwanese tech talent. In response, Taiwan amended its National Security Act to impose stricter penalties for theft of business secrets. Additionally, Taiwan’s industrial production index has declined for 16 months, but there are signs of increased demand in the AI industry chain. Despite uncertainties in consumer behavior and global economic recovery, industry feedback suggests potential growth in future quarters.

DPP presidential candidate Lai Ching-te has called on Mainland China to appreciate the contributions of Taiwanese business people to its economy. This appeal comes as Foxconn Group, a major Taiwanese tech firm, faces investigations by China’s tax and natural resources departments. Lai emphasized that Taiwanese business people are an important asset to China, fostering economic growth and creating opportunities. He urged China not to pressure Taiwanese business people during the upcoming election, warning that it would harm both sides and undermine confidence in the Chinese market. Lai also called on China to respect Taiwan’s democratic constitution and lifestyle and to accept that the civil war between the Kuomintang and the Communists is over. He encouraged China to engage in equitable and dignified dialogue exchange.

Taiwan’s Ministry of Economic Affairs reported that the Industrial Production Index for September 2023 decreased by 6.72% compared to the same month in the previous year. The manufacturing industry experienced a decline rate of 7.01%, marking 16 consecutive months of negative growth.

Despite facing economic challenges like inflation and stagnant wages, Taiwanese households are ramping up spending in two unexpected categories: fitness and pet care. With an annual growth rate of over 15% in fitness spending and a 36.2% increase in pet-related expenses over the past decade, these sectors show strong resilience and growth.

Vice President Lai Ching-te emphasizes Taiwan’s pivotal role in the global supply chain through AI technology at the 2023 Taiwan AI Academy Annual Conference. Learn more about his insights on AI’s significance and its impact on Taiwan’s future.

Vice presidential candidate Lai Pei-hsia joins forces with Foxconn founder Terry Gou for the 2024 Presidential Election, aiming to attract overseas Taiwanese businesspeople and boost the nation’s economy. Get the latest on this partnership.

Taiwan’s Minister of Labor, Hsu Ming-chun, confirms the upcoming deliberation on raising the minimum wage by 3-3.2%. Citizens express concerns over inflation’s impact on their livelihoods.

President Tsai Ing-wen underscores the importance of rules-based order for regional stability in Ketagalan Forum’s 2023 Indo-Pacific Security Dialogue. Emphasis on democracy, security, and economic growth.

Taiwan’s government has dismissed reports of a recession, citing an average annual economic growth rate of 3.4% from 2016 to 2022, surpassing the global average. Despite declining export orders, Taiwan achieved record-breaking exports of $479.4 billion last year and outperformed other Asian economies, according to Executive Yuan spokesperson Lin Tze-luen. 

Taiwan’s export industry’s performance this year has yet to see high numbers. However, the Directorate-General of Budget, Accounting and Statistics (DGBAS) estimates that the growth in private consumption will exceed 5%, taking the lead in the country’s economic performance.

As the pandemic situation stabilizes in Taiwan, restaurants and department stores are once again filled with shoppers and gourmets on weekends.