economic challenges 結果共56筆

The Third Wednesday Club Chairman Lin Por-fong expresses hope for improved cross-strait relations and economic cooperation under the ECFA with President-elect Lai Ching-te. Lin emphasizes the importance of handling international relations well, resolving cross-strait issues through communication and exchange, and establishing communication mechanisms with China. He believes that cross-strait relations impact economic development and calls for the loosening of restrictions on the economy, tourism, and culture. Lin advocates for the active maintenance of the ECFA, highlighting that international economic agreements like the CPTPP and RCEP require mainland China’s consent. Concerns are raised about the potential impacts on industries if China terminates the ECFA. Compal Electronics Chairman Hsu Sheng-hsiung warns of global unrest due to constant change and challenges across industries, technologies, economies, politics, and conflicts among nations. He also highlights the need for industries to monitor potential escalations of conflicts as nations vie for resources.

In an innovative approach to the upcoming Jan. 13 elections, TPP supporters, led by YouTuber ＂Yes Ranger,＂ embark on a journey with a large balloon resembling candidate Ko Wen-je, aiming to appeal to older voters while addressing Taiwan’s economic challenges.

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.

Taipei Mayor Chiang Wan-an discusses efforts to bring Taylor Swift to Taipei for a concert, following last year’s failed plans due to geopolitical tensions. Negotiations are underway for a possible concert at Taipei Dome as part of Taylor Swift’s Asian Tour this year. Chiang emphasizes the city government’s commitment to making this happen and promises to announce further developments. He also criticizes the Democratic Progressive Party (DPP) and highlights the need for a peaceful and prosperous environment. Despite challenges, Chiang’s team prioritizes the interests and rights of the public and welcomes the economic benefits of hosting the concert.

The Ministry of Foreign Affairs (MOFA) has stated that Beijing is working to isolate Taiwan globally in response to criticisms made by Kuomintang (KMT) presidential candidate Hou Yu-ih regarding Taiwan’s stagnant free trade agreements (FTA). During a presidential policy presentation, Hou criticized the Democratic Progressive Party (DPP) for its unsatisfactory economic performance and the lack of progress in bilateral and multilateral trade agreements. MOFA emphasized Taiwan’s commitment to global economic integration and bilateral economic cooperation, but highlighted the interference from China. MOFA believes that Taiwan’s ability to participate effectively in economic integration depends on its strength and global connections, especially as countries like the U.S. and European nations reassess their economic risks with China. MOFA urges all Taiwanese, regardless of political affiliation, to unite and enhance cooperation with like-minded nations in the face of external challenges.

Kuomintang (KMT) presidential candidate Hou Yu-ih challenges the effectiveness of President Tsai Ing-wen’s foreign policy, questioning its impact on Taiwan-China communication, severed relations with former allies, extended military service, and increased risk of Chinese fighter jets breaching Taiwan’s airspace. The three presidential contenders, including Democratic Progressive Party (DPP) candidate Lai Ching-te and Taiwan People’s Party (TPP) candidate Ko Wen-je, discuss U.S.-Taiwan relations and their stance on President Tsai’s policy. Hou questions DPP’s handling of tainted politics during their time in power and highlights his support for the Economic Cooperation Framework Agreement (ECFA). He also addresses concerns over cross-strait flight operations and employment difficulties for Chinese students in Taiwan. Hou pledges to follow the Constitution of the Republic of China (Taiwan) and maintain administrative neutrality without relying on any side.

Taiwan’s selection of ＂Que＂ (缺), reflecting shortages and challenges in 2023, sets a pivotal backdrop for the upcoming General Elections. Key events like diplomatic shifts, the #MeToo movement, defense upgrades, TSMC’s global expansion, and political alliances define Taiwan’s future.

Rensingeatshot, a lifestyle food brand founded by Selina of Taiwanese girl band S.H.E, will cease operations on Jan. 21, 2024, citing inflation and economic challenges. The company expressed reluctance but emphasized that it is not a farewell, but rather a move towards better choices. The decision was influenced by the impact of COVID-19 on the global economy in 2023 and hyperinflation, which raised materials and manufacturing costs. The company struggled to find a balance between production costs and market-acceptable prices due to the increasingly competitive advertising market. Initially known for its instant porridge products, Rensingeatshot expanded to include instant drinks, tea bags, and waffles. The brand officially launched on Jan. 11, 2021. While the product line will end on Jan. 21, 2024, collaborations with other brands will not be affected.

Kuomintang (KMT) presidential contender Hou Yu-ih criticizes the ruling Democratic Progressive Party’s (DPP’s) past claims about the Economic Cooperation Framework Agreement (ECFA) and cross-strait communication. He questions the DPP candidate’s analogy of ＂three links＂ and direct flights to a ＂Trojan horse leading to a massacre＂ and challenges the Agriculture Minister’s role in Chinese approvals for Taiwan’s grouper fish export. Hou argues that unresolved quarantine issues could harm Taiwanese farmers and suggests direct negotiations with China. He also criticizes Lai’s ＂Taiwan independence＂ stance, claiming it lacks practical understanding of cross-strait relations. If elected, Hou promises to continue ECFA negotiations to reduce China’s tariffs on Taiwan’s industries. He believes that adhering to the Constitution and the Act Governing Relations between Taiwan and China will maintain peace between the straits.

Taiwan People’s Party vice presidential candidate Cynthia Wu expresses disappointment with the Ministry of Foreign Affairs (MOFA) over its handling of diplomatic challenges during COP28. Wu emphasizes the need for the government to reconsider its approach to enhance the economy and diplomacy simultaneously. She highlights the recent consensus in the European Union (EU), where over 700 members of the EU Parliament passed a motion to negotiate bilateral free trade agreements with Taiwan. Wu credits MOFA, the Legislative Yuan, and herself for raising Taiwan’s international profile.

TSMC chairman Mark Liu’s upcoming retirement in 2024 has led investment experts to suggest that the semiconductor giant should slow down the progress of its new manufacturing facility in the United States. Industry analyst Jonah Cheng believes that TSMC’s policy direction will remain unchanged under the leadership of chief executive C.C. Wei, who is expected to succeed Liu as chairman. Cheng also proposes maintaining a dual leadership structure to cultivate successors from various backgrounds. Speculation suggests that Liu’s retirement may be linked to potential investment challenges in the company’s U.S. expansion. In response to these challenges, Cheng recommends a deceleration in the construction of TSMC’s second U.S. plant. He also highlights the need to assess the current downturn in the car market and economic outlook before proceeding with the German plant focused on automotive applications. Cheng suggests that the Japanese facility could be an optimal choice due to labor and power shortages in Taiwan, as well as cultural similarities and strong government support from Japan. TSMC’s primary obstacle, according to Cheng, is maintaining its leadership position in the semiconductor industry, especially after surpassing Intel. Additionally, the cyclical nature of the industry and the potential opportunities presented by the rise of artificial intelligence (AI) applications pose further challenges for the company.

President Tsai Ing-wen emphasizes the need for a stable government in the face of future challenges in Taiwan. She expresses her hopes to entrust the nation to reliable individuals during her visit to Hsien Heng Temple. Tsai highlights the experience and comprehensive backgrounds of the Democratic Progressive Party’s (DPP) presidential and vice-presidential candidates, Lai Ching-te and Hsiao Bi-khim. Reflecting on her own tenure, Tsai acknowledges the public support that has strengthened Taiwan’s economy. She discusses global events such as the pandemic, the Ukraine-Russia war, and Taiwan’s drought, noting Taiwan’s resilience and growing international support. Tsai emphasizes the importance of maintaining a parliamentary majority and urges the public to support the Lai-Hsiao ticket and cast their party votes for the DPP for a brighter future for Taiwan.

KMT vice presidential candidate Jaw Shaw-kong challenges the narrative of the ＂1992 Consensus,＂ stating it was not used during cross-strait negotiations. He explains that the parties involved articulated their positions orally with no unified expression, and it was later that Su Chi introduced the term. Jaw also addresses the DPP’s stance on the ＂One China＂ policy, stating that the DPP urges Beijing to acknowledge ＂One China＂ as the Republic of China, a recognition unlikely from Beijing. He critiques the DPP’s performance over their 8-year tenure and suggests that the electorate could express dissatisfaction by transferring power to the KMT. Jaw acknowledges the contributions of Taiwanese businesses to China’s economic development and asserts that Taiwan could demand economic concessions from China. He questions the need for increased defense spending and extended conscription in Taiwan in the absence of an immediate threat, stating that conflict between the two sides should and must not occur.

President Tsai Ing-wen discusses her post-presidency plans, hinting at a possible teaching role after her term ends. Reflecting on her tenure, she acknowledges the challenges faced by Taiwan but highlights the stable growth and economic achievements during her governance. President Tsai expresses gratitude to her supporters and hopes for her successor to lead Taiwan to greater heights. Emphasizing the importance of presidential capability and political transformation, she commends the Democratic Progressive Party candidates for their steadfast execution of the ＂Tsai Ing-wen route.＂ President Tsai emphasizes the need for future leaders who are internationally trusted, capable of upholding peace and stability in the Taiwan Strait, and maintaining global cooperation and trust.

During her tenure as Taiwan’s representative to the U.S., DPP vice presidential candidate Hsiao Bi-khim emphasized that Taiwanese people were treated with dignity and respect, rejecting any notion of subservience. She acknowledged the need for a flexible approach to diplomacy given Taiwan’s unique situation, which can range from soft to firm. Hsiao candidly admitted to setbacks and grievances, but highlighted her team’s tireless efforts to overcome obstacles and gain widespread support and respect. Despite the challenges, the confidence, encouragement, and backing from Taiwanese people made her role worthwhile. Hsiao also emphasized the importance of Taiwan’s foreign policy objectives, such as garnering international support and promoting democratic and economic achievements.

In November 2023, Taiwan’s job market saw significant growth with 1.04 million opportunities, led by the hospitality and ICT sectors. The hospitality industry notably increased salaries by 58%, reflecting broader workforce trends and the need for flexible work environments amid economic challenges.

Taiwan’s Minister of Economic Affairs, Wang Mei-hua, has announced that Taiwan will closely monitor the development of new nuclear technologies, such as small modular reactors and fusion power, and remain open to their adoption. Premier Chen Chien-jen has highlighted that addressing the challenges surrounding nuclear waste from fusion technology could significantly increase societal support for the technology. This declaration comes as over 20 countries, including the United States and Japan, proposed at the 28th meeting of the Conference of the Parties (COP) to the United Nations Framework Convention on Climate Change (COP28) to triple global nuclear power capacity by 2050. Additionally, nearly 120 countries committed to tripling renewable energy generation internationally within the next seven years. At COP28, 22 countries advocated for nuclear energy, focusing on small modular reactors and nuclear fusion technology, as well as securing international financial support for their development. These discussions at COP28 reflect a growing interest in diverse and innovative approaches to addressing climate change and powering the future.

The Democratic Progressive Party’s vice presidential candidate, Hsiao Bi-khim, has emphasized the need for improved governance and fairer distribution of resources in Taiwan. Despite the country’s impressive economic growth, many citizens have yet to benefit from this boom. Hsiao acknowledged the challenges faced by the youth, including education, employment, and rising housing prices, and stressed the importance of a multifaceted approach to address these issues and meet the aspirations of the younger population.

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.

The Taiwan Research Institute (TRI) reports a decrease in electricity demand in September, following the end of the summer peak period for consumption. The TRI’s October Taiwan EPI shows a 0.16% growth in high voltage electricity usage across national industries compared to the same period in 2022. However, this growth is smaller than the increase seen in September. TRI President Wu Tsai-yi attributes the deceleration in economic growth to global inflation, interest rate hikes, and ongoing geopolitical crises. Despite these challenges, the domestic electronic technology industry has experienced successful inventory turnover due to the rise of AI applications, the launch of new consumer electronics, and stockpiling for the end-of-year shopping season. With sustained private consumption momentum and negative economic growth factors in the fourth quarter of 2022, a significant increase in economic growth to 4.4% is estimated for October. Wu predicts a gradual return to normalcy for global economic and business activities as the effects of inflation and interest rate increases diminish.

Chinese President Xi Jinping reiterates his stance on the ＂Taiwan issue＂ to U.S. President Joe Biden during their 2.5-hour conversation at the Filoli Estate in San Francisco. Xi urges the U.S. to take concrete actions demonstrating non-support for Taiwan independence, halt arms supply to Taiwan, and support China’s peaceful reunification. He presents the U.S. with two choices: strengthen unity for global challenges or retain a zero-sum mentality that leads to instability and division. Xi believes conflicts are unmanageable and emphasizes China’s development promotes rejuvenation without exporting ideologies or plans to overthrow the U.S. He warns against suppressing and containing China’s ambitions.

U.S. Ambassador Matt Murray, in a recent TVBS interview, defends the evolving role and increased significance of APEC in addressing global challenges and adapting to the changing landscape of economic cooperation and globalization.

U.S. Ambassador Matt Murray discusses the objectives for the 2023 APEC summit in San Francisco, highlighting collaboration on regional challenges and the upcoming Biden-Xi meeting.

Taiwan’s Minister of Foreign Affairs, Joseph Wu, delivered a speech at Riga Stradins University in Latvia, clarifying Taiwan’s position amid tensions with China. Despite enduring military intimidation, diplomatic isolation, and economic threats from China, Taiwan remains committed to achieving peace through open conversation while being pragmatic and prepared for potential risks. Wu praised the diplomatic relationship between Taiwan and Latvia, as both countries share similar paths to democracy and the establishment of sovereign statehood. However, both countries face unprecedented security challenges, with a standoff between democracy and autocracy driving the current international conflict. Wu emphasized that established democracies cannot ignore the expansion of authoritarianism, which seeks to undermine the rules-based international order. In light of President Tsai’s decision to restore one-year military service, Wu stressed the importance of being armed to protect Taiwan’s freedom, as the cost of losing it is unbearable for a democratic society.

Taiwan faces a widening wealth gap, reaching its highest in a decade. With challenges like high inflation and stagnant wages, the top 20% of families earn significantly more than the bottom, highlighting deep economic disparities.