While welcomed by many in Taiwan, the new economic equation will be a delicate pursuit for its next president, says Roy Chun Lee.
Channel News Asia
Date: 29 Dec 2019
By: Roy Chun Lee
Taiwan’s President Tsai Ing-wen speaks on the phone with US president-elect Donald Trump at her office in Taipei, Taiwan, Dec 3, 2016. (Photo: Taiwan Presidential Office/Handout via REUTERS)
Two key factors that shaped the development of 2019 were the US-China trade war and the upcoming Taiwan presidential election.
In terms of economic performance, the Chung-Hua Institution for Economic Research (CIER) forecasts Taiwan’s GDP growth to be one of the highest in the East Asian region, reaching 2.33 per cent.
While trade performance has declined throughout the year, domestic investment in the manufacturing sector has soared to a historic high, contributing to GDP growth.
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