Taiwan Today
Date: January 24, 2017
The National Development Council unveiled the 2017-2020 national development plan Jan. 23 in Taipei
Taiwan’s economy is set for steady growth under the four-year development plan unveiled Jan. 23 by the National Development Council. (Courtesy of Hsinchu Science Park Administration)
City, charting a course for Taiwan’s sustainable growth amid challenges at home and abroad.
With a focus on innovation, job creation and equitable distribution—three policy goals of President Tsai Ing-wen’s administration—the plan seeks to create a new economic model, enhance the social safety net, maintain social equity and justice, promote regional peace and transform Taiwan into a global model of a civil society, the NDC said.
The four-year plan builds on the president’s five-plus-two innovative industries initiative that covers biotech and pharmaceuticals, green energy, national defense, smart machinery and the Internet of Things, as well as the circular economy and a new paradigm for agricultural development.
According to the council, the top priority is to bolster the domestic economy by spurring investment and implementing structural reform to overhaul the country’s industries. The development plan identifies policy objectives as well as measures and strategies for relevant agencies, the council said, adding that it is being fast-tracked to the Cabinet for approval. [FULL STORY]
