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  • Stimson Center predicts result of US-China war over Taiwan

    A potential war between the United States and Beijing over Taiwan could result in crippling losses for both sides, warns the Stimson Center. The article, titled "Is a Chinese Invasion of Taiwan the Most Likely Scenario?" highlights that a unilateral declaration of independence by Taiwan might trigger ground and aerial assaults from Beijing. A military simulation by the Center for Strategic and International Studies showed that a joint defense effort from the U.S., Japan, and Taiwan could repel a Chinese invasion but at devastating costs, including the loss of ships, aircraft, and troops. The war would also impact the U.S.’s global standing, hurt Taiwan’s economy, and potentially destabilize the Chinese Communist Party’s rule. China’s aerial superiority, with a ratio of 1900 to Taiwan’s 300, could result in airstrikes, missile and cyber attacks aimed at decimating Taiwan’s defenses and critical infrastructure. Simulations predict a rapid escalation of war, including potential bombing of U.S. military bases and a reciprocal U.S. attack on Chinese bases and navy. Any concrete steps taken towards official independence by Taiwan could serve as a catalyst prompting Beijing’s decision for forceful unification.
    2023/10/28 18:23
  • Ko unveils ’Strong Generation’ movement to redefine aging

    Taiwan’s TPP candidate, Ko Wen-je, introduces the ’Strong Generation Cultural Movement’ to redefine aging and boost the economy. Learn how this initiative addresses the challenges of an aging society.
    2023/10/25 18:42
  • China’s headhunting of Taiwanese tech talent raises concerns

    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.
    2023/10/24 13:55
  • Lai urges China to value Taiwan firms’ contributions

    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.
    2023/10/24 13:40
  • Taiwan’s industrial production drops 6.72% YOY in September

    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.
    2023/10/24 11:53
  • Lai Pei-hsia asks Terry Gou to lift Taiwan’s slowing economy

    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.
    2023/09/14 16:46
  • Lai Pei-hsia vows to stick by Terry Gou to ’change Taiwan’

    Business tycoon Terry Gou announced his independent presidential candidacy with singer-actress Lai Pei-hsia as his running mate. Despite their political inexperience, they aim to boost Taiwan’s economy. Get the latest updates on this unconventional political alliance.
    2023/09/14 15:20
  • Hou vows to tackle low wages, bridge the wealth gap

    Kuomintang (KMT) presidential candidate Hou Yu-ih unveiled his policy agenda aimed at enhancing working conditions and salary levels on Friday, September 8.
    2023/09/08 21:37
  • Terry Gou claims no ‘political baggage’ ahead of election

    Business tycoon Terry Gou said on Friday (Sept. 1) he aims to "strengthen Taiwan’s economy and restore hope to the people of Taiwan." 
    2023/09/01 17:08
  • Gig economy surges in Taiwan amid low pay, long work hours

    Taiwan’s regular wages dip due to rising inflation, leading to a surge in gig economy adoption. Workers opt for freelance roles to secure better pay and shorter hours. Learn how this trend impacts Taiwan’s labor landscape.
    2023/08/21 04:51
  • Taiwan’s semiconductor industry vital for global economy

    Taiwan Foreign Minister Joseph Wu highlighted the crucial role of Taiwan’s semiconductor industry to the global community in the latest TVBS Meeting Room with Former U.S. Secretary of Defense Dr. Mark T. Esper on Monday (July 17) evening. 
    2023/07/19 10:27
  • President Tsai, business leaders confident in Taiwan economy

    President Tsai Ing-wen emphasized Taiwan’s goal of net-zero emissions and digital transformation in her speech at the 26th second members meeting of the Chinese National Association of Industry and Commerce, Taiwan (CNAIC) on Tuesday (July 4). 
    2023/07/05 10:36
  • Stay-at-home economy fuels Taiwan delivery platform growth

    As Taiwan’s COVID-19 situation stabilizes, more people are dining out, prompting delivery platforms to expand their offerings beyond food. 
    2023/05/15 19:07
  • Why do Taiwan’s young adults struggle with credit card debt?

    In today’s economy, many young adults face the challenges of low wages and increasing inflation and interest rates. 
    2023/05/08 17:07
  • Early retirement poses challenges for Taiwan’s economy

    The average age for first-time pension recipients in Taiwan has decreased in recent years, according to data from the Bureau of Labor Insurance. 
    2023/04/15 17:31
  • Foxconn Founder Terry Gou discusses tech, Taiwan’s economy

    Foxconn Founder Terry Gou departed for the United States on March 27 for a 12-day trip to discuss technology, innovation and Taiwan’s economy with experts.
    2023/03/30 13:45
  • Taiwan’s egg prices on the rise again due to avian flu

    The food and beverage industry is facing multiple challenges, including inflation and rising costs of raw materials, as well as a recent increase in egg prices. 
    2023/02/15 19:16
  • New Taipei holds job fair to fill 3,000 local positions

    The New Taipei City government hosted its first major talent recruitment event of the year. Fifty-six firms participated, seeking to fill more than 3,000 job openings, primarily in the service, retail, and technology manufacturing sectors.
    2023/02/04 19:11
  • Taiwan’s workforce expresses hope for new year’s wage hike

    The Lunar New Year festivities culminated on Sunday following a 10-day-long holiday. As workers resume their duties, many people voiced their aspirations for higher salaries in the face of climbing living expenses.
    2023/02/03 16:11
  • Taiwan’s opposition parties worry about NT$6,000 cash rebate

    Opposition party members in Taiwan have expressed their disapproval and concerns over the ruling party’s decision to provide a NT$6,000 tax rebate to those living in Taiwan. 
    2023/01/18 17:30
  • Analyst: Taiwan’s consumer price index expected to grow

    Since March, Taiwan’s consumer price index (CPI) exceeded 3% for five consecutive months, and in December, it was recorded to be at 2.71%. 
    2023/01/17 10:53
  • Taiwan divided on prospects of NT$6,000 cash rebate

    The Taiwanese government recently announced that citizens will receive a one-off NT$6,000 cash payment due to a national tax revenue surplus, but public opinion remains divided on whether this would actually help locals and their businesses.  
    2023/01/10 20:16
  • Taiwan may see interest rate hikes in first quarter of 2023

    Taiwan Central Bank Governor Yang Chin-long hinted at a new round of interest rate hikes in the first quarter of 2023, after raising interest rates by another 12.5 basis points in December this year.
    2022/12/31 07:00
  • Taiwan’s excess tax revenue unable to reduce national debts

    The Ministry of Finance (MOF) estimates that Taiwan will see an excess tax revenue of NT$450 billion this year.
    2022/12/26 18:43
  • Taiwan’s per capita income on track to surpass Japan in 2022

    As the pandemic situation stabilizes in Taiwan, restaurants and department stores are once again filled with shoppers and gourmets on weekends.
    2022/12/21 17:05
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