Taiwan News
Date: 2016-09-09
By: Maggie Huang, Taiwan News, Staff Writer
The Executive Yuan has approved a plan to extend NT$30 billion in preferred loans to to the local 
Along with other measures, the loans are aimed at helping the domestic tourism business upgrade its hardware and software in a bid to improve the quality of the industry and eventually attract more visitors to Taiwan.
Since the pro-independence Democratic Progressive Party government took office in May, there has been a 30-percent year-on-year decline in the number of Chinese tourists taking part in group tours to Taiwan, with the latest data also showing that tourist numbers fell 15 per cent year on year in July and probably fell further in August.
Premier Lin Chuan has approved the loan, which has lower interest rates than in the market. The Executive Yuan also indicated that it will help the local tourism industry come up with innovative tour packages which are expected to provide an insightful look at Taiwan to attract more inbound foreign tourists. [SOURCE]