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MOEA expresses concern about maintaining 2% GDP growth
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.2023/10/30 14:38 -
Household spending on fitness and pets soar in Taiwan
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.2023/10/19 13:24 -
Taiwanese struggle with low wages despite advanced degrees
Discover the wage challenges faced by young Taiwanese adults despite their advanced degrees. Tech graduates earn NT$73,500 in their first jobs, while others struggle with lower salaries and a rising cost of living. Explore the impact on their financial prospects and future stability.2023/09/22 18:14 -
Taiwan’s manufacturing sector struggles amid economic slump
Amid economic challenges, Taiwan’s manufacturing sector grapples with reduced work shifts due to declining foreign orders. Labor violations surge in New Taipei, with the sector eyeing revival as export orders show promise.2023/09/12 18:53 -
Taiwanese in China face tougher business environment
Taiwanese seeking opportunities in China face growing challenges, leading some to repatriate while others opt to stay. These challenges stemmed from the U.S.-China trade war, the COVID-19 pandemic, and China’s economic downturn.2023/09/07 17:22 -
Tsai urges rules-based order for more regional prosperity
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.2023/08/08 20:33