President Tsai Ing-wen has outlined three major economic strategies for Taiwan during her National Day address on Saturday.
Tsai said the government will fully participate in supply chain reorganization. She said the “rapid dismantling and realignment of global supply chains is now irreversible”, and that the government will coordinate with the private sector to make Taiwan an indispensable force in global supply chains.
Tsai said the second strategy is to make Taiwan a hub for international capital, talent, and digital technology. “We will leverage Taiwan's strengths in ICT, semiconductors, the Internet of Things (IoT), and artificial intelligence to develop and control core technologies and accelerate digital transformation of industry and the economy,” said Tsai.
The third economic strategy is to balance economic and social development. Tsai said the government will put greater emphasis on the “reasonable distribution of resources, take care of the disadvantaged affected by our economic transformation, strengthen and spur youth employment, and encourage and effectively utilize funding to bring back Taiwan's economic growth dividend for everyone to share.”
News Source：RTI
Editor：Paula Chao
Source: RTI
