economic recovery 結果共17筆

President Tsai Ing-wen commits to supporting Taiwan’s industry development, highlighting the country’s export success and plans for post-pandemic recovery. Tsai vows to deepen global economic ties, recognizing the National Importers & Exporters Chamber of Commerce’s role in driving economic growth amidst challenges. Taiwan aims to enhance international competitiveness through agreements with the U.S., U.K., Canada, and others, promoting a prosperous future for Taiwanese industries.

Discover how the global economic recovery and labor shortages are leading to increased overtime work in Taiwan’s manufacturing and industrial sectors, impacting workers’ preferences and job market dynamics.

The Purchasing Managers’ Index (PMI) for Asian manufacturing in March shows varying recovery rates across the region, with Taiwan’s manufacturing sector on the rise and confidence among Taiwanese businesses reaching a nearly three-year high. Japan also saw improvement, while South Korea and Vietnam experienced contractions. Paul Smith from S&P Global Market Intelligence notes signs of price and supply stabilization supporting a more optimistic outlook for the Asian manufacturing sector.

Taiwan’s NDC reports economic stability with a green light status for February, driven by production and export improvements linked to AI themes. Officials anticipate continued growth in March, citing positive trends in manufacturing, consumer confidence, and foreign trade. Investment in emerging technologies and R&D, along with steady public investment, are expected to sustain momentum.

The second session of the 14th National People’s Congress in China opened with Premier Li Qiang setting a GDP growth target of around 5%. Last year’s GDP growth was 5.2%, ranking among the top of the world’s major economies. Li outlined key development goals, including job creation and environmental improvements. The premier acknowledged challenges in China’s economic recovery, emphasizing the need for effective demand. The decision to discontinue post-congress press conferences by the premier has raised speculation about policy transparency.

The 14th National People’s Congress in Beijing saw Premier Li Qiang deliver his first government work report, emphasizing the ＂One China＂ principle and opposing ＂Taiwan independence.＂ The report highlighted progress in military and national defense construction, with no press conference held this year. Plans include boosting employment opportunities and achieving 5% GDP growth. Last year, China’s economy showed recovery with a 5.2% GDP increase.

Stay updated on Taiwan’s economic progress as the National Development Council reports a stable outlook for January 2024. Economic indicators show positive trends in production, investment, sales, and finance, signaling continued recovery. Follow the transition from recession to a transitional economy in key sectors, reflecting a promising shift in Taiwan’s economic landscape.

Global TV sales dip in 2023, with further decline projected for 2024 amidst changing consumer habits and potential material shortages, impacting prices. Experts foresee growth amid economic recovery.

Stay updated on Taiwan’s economic landscape with the latest news from Minister of Economic Affairs Wang Mei-hua. Discover insights on electricity price fluctuations and their impact on domestic issues, as well as the government’s strategies to address losses incurred by Taiwan Power Company. Explore the projections for economic growth and inflation rates amidst industry recovery and upcoming events.

Discover how nearly half of Taiwan’s workforce is contemplating a career shift before receiving year-end bonuses, driven by the allure of higher salaries and the nation’s economic recovery post-pandemic.

The Taiwanese Executive Yuan vows to stabilize the stock market amidst recent fluctuations, according to Cabinet Spokesman Lin Tze-luen. Lin reiterates the commitment to policy implementation during the caretaker period after the cabinet’s resignation. The government remains focused on achieving net zero emissions by 2050 and will continue discussions on energy issues. The upcoming electricity tariff review meeting will maintain established adjustment mechanisms. Despite recent downturns, Taiwan’s economic fundamentals are solid, expressing confidence in economic recovery.

The San Francisco overseas Chinese community hosted a New Year flag-raising ceremony, with Fremont Mayor Lily Mei encouraging the next generation to run for office and speak out for Asians. Mei also urged the community to vote robustly in the upcoming T U.S.-Taiwan relations and reminded them not to underestimate individual power. Director-General Scott Lai of the Taipei Economic and Cultural Office in San Francisco reviewed Taiwan’s accomplishments last year, highlighting its rise in various indices, ranking second in freedom in Asia and sixth in global competitiveness. Lai also noted the meeting between Morris Chang, founder of Taiwan Semiconductor Manufacturing Company (TSMC), and key U.S. officials at the 2023 Asia Pacific Economic Cooperation (APEC) summit, praising it as a symbol of U.S. executive branch support for Taiwan. However, Lai acknowledged challenges lie ahead for Taiwan, particularly in its tourism, sightseeing, and restaurant industries’ recovery, as well as social issues such as declining birthrates and wealth disparity. Lai assured that the government would take a more proactive and responsible stance to make positive changes felt by the public.

Taiwan’s central bank has announced that it will maintain its interest rate for the third consecutive time in its quarterly board meeting. The decision was influenced by price changes and the need to balance stabilizing consumer prices with sustaining economic growth. Despite rising consumer prices due to natural disasters, the central bank remains optimistic and expects the inflation rate to drop below 2% next year. Forecasts for Taiwan’s GDP growth rate in 2023 are more positive, projected to reach 3.12%. This is supported by increasing private consumption, particularly in tourism and dining, as well as the central bank’s expectation of a global export increase to stimulate local investment and drive economic recovery. In contrast to the Federal Reserve in the U.S., Taiwan’s central bank stated that its monetary policy approach would be adjusted gradually based on the country’s economic conditions. Despite high housing prices, the central bank has decided against imposing stricter measures or withdrawing from market intervention to avoid further impact on the property market.

Taiwan’s 2023 GDP growth forecast has been lowered to 1.42%, the lowest in 14 years, due to weaker exports and private investment. Year-end bonuses for Taiwanese workers have also been affected, with the average amount shrinking to 1.08 months’ worth of salary, hitting a 10-year low. The financial industry leads in bonus payouts with an average of 1.83 months’ salary, followed by the semiconductor industry at 1.38 months. The healthcare services industry averages just 0.97 months of salary, while the accommodations and food services sector lags further behind at only 0.59 months. Despite the downward revision, the DGBAS remains optimistic for 2024, forecasting a GDP growth rate rebound to 3.35%. However, challenges such as the Ukraine-Russia war, the Israel-Palestine conflict, and ongoing inflation may pose risks to the global economy. Looking ahead to 2024, local job banks predict pay increases in 47.5% of companies, with an average salary hike of 3.2%, slightly lower than in 2023. Experts caution that Taiwan’s economic recovery may not be as swift as hoped.

Taiwan’s Minister of Economic Affairs, Wang Mei-hua, expressed concerns about maintaining a 2% GDP growth rate this year despite signs of economic recovery. She cited external factors such as inflation, the Russia-Ukrainian war, and the Israeli-Palestinian conflict as global market influences. However, Wang emphasized that Taiwan’s innovation and efficiency are key advantages that can withstand external economic pressures. The National Development Council also reported a slight improvement in economic measures, indicating subtle growth amidst global adversity. Despite challenges, Taiwanese authorities and stakeholders remain cautiously optimistic and ready to leverage the nation’s inherent strengths.

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.

Vice President Lai Ching-te praises Taiwan’s textile industry for its resilience and innovation in smart manufacturing at the 2023 Taipei Innovative Textile Application Show. The industry shows strong economic contributions, with a focus on functional textiles worn by global athletes, and aims for a future of digital transformation.