Radio Taiwan International
Date: 2018-08-02
Premier William Lai says that Taiwan’s economy is recovering. It has seen 4 consecutive quarters of over 3% growth. This week, the government’s statistics office announced 3.29% growth for the second quarter.
The first half of the year has seen 3.16% growth. Premier Lai said that this is higher than in 2015 and shows how President Tsai Ing-wen’s administration has led the country to economic recovery. Taiwan’s fundamentals are good and many famous foreign and domestic companies have invested in Taiwan this year. He said Taiwan is on the right path.
Lai said that the government is working on three directions for the economy: progressive basic infrastructure, promoting 5 plus 2 innovative industries, and the New Southbound policy. It is also working on raising wages and lowering taxes and a number of policies to aid the economy. [FULL STORY]