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Premier touts five NT$10 billion funds to increase competitiveness
Premier Cho Jung-tai says the government is planning to establish five NT$10 billion funds to promote development in key fields, including artificial intelligence development, "smart" healthcare, green growth and a Youth Overseas Dream Fund.
Speaking at a business breakfast hosted by the Chinese National Association of Industry and Commerce, Cho said Taiwan's economic growth is forecast to grow again this year and sustain that momentum, the Cabinet will convene a third meeting of its Economic Development Commission in December, where it will propose the creation of the funds in order to increase Taiwan's competitiveness.
The premier said the government hopes to keep GDP growth above 3%, raise GDP per capita to US$40,000, keep unemployment under 3.5% and hold inflation steady at 2% over the next four years. He also stressed that the cabinet has set up a specialized team focused on Taiwan-US trade ties in preparation for US President-elect Donald Trump taking office on 20 January.
