[Finance] Vice President: Government to Play Three Key Roles to Help Industries Compete Globally
bella@@ 央廣 新聞6h agoEdited
Vice President Hsiao Bi-khim stated on the 18th that in the face of global supply chain restructuring and the accelerated development of the AI wave, the government will play three major roles: continuously providing stable infrastructure such as water and electricity, optimizing the regulatory environment, and promoting the "Balanced Taiwan" policy to assist industrial development and drive balanced growth across Taiwan.
The General Assembly of the Chinese National Federation of Industries and Commerce commenced, with Chairman Wu Dong-liang pointing out that despite challenges such as global supply chain restructuring and digital transformation, Taiwan has achieved excellent economic results through the concerted efforts of the government and industry. He believes Taiwan's economic growth rate will exceed 10% this year, making it one of the top 20 economies globally. He urged that with more than half of the year gone, he hopes the ruling and opposition parties in the Legislative Yuan will engage in thorough consultations to expedite budget review and ensure the nation's continued development.
In her speech, Vice President Hsiao Bi-khim noted that post-pandemic, global supply chain restructuring has accelerated, and regardless of a nation's size, there is increased emphasis on national security, supply chain resilience, and industrial competitiveness. Facing a rapidly changing international landscape, both the government and the industry must remain highly vigilant.
Regarding the government's role, the Vice President said the government will continue to provide maximum support to industries in key infrastructure such as water, electricity, and talent. As for the national infrastructure investments mentioned by Chairman Wu, the government looks forward to working with the Legislative Yuan to pass the relevant annual budget as quickly as possible.
In terms of the regulatory environment, the Vice President stated that with the rapid development of technology and AI, regulations must be both flexible and forward-looking. While supporting innovation, they must also maintain social stability and fairness. She said: "(Original audio) In the regulatory environment, we need to find the optimal balance point. Technology and AI are advancing very rapidly, and sometimes regulations need to support a strong sense of flexibility, but they must also be a force for social stability. Therefore, how (the government) plays a role that is very stable, but does not hinder everyone's acceleration, during the process of your rapid advancement."
Vice President Hsiao further elaborated that President Lai Ching-te continues to promote the concept of "Balanced Taiwan." While supporting the development of technology industries such as semiconductors and AI, the government also considers traditional and service industries and promotes the "Asia Asset Management Center" policy to allow more industries to share the fruits of economic growth. She pointed out that the government will invest in infrastructure and industrial resources and plans a budget of hundreds of billions to assist small, medium, and micro-enterprises in promoting net-zero and digital transformation, thereby strengthening industrial competitiveness and striving to build a more resilient Taiwan.
Vice President Hsiao highlighted that Taiwanese companies have always been pragmatic and low-key in the international market. However, with their solid technical strength and product quality, they have already secured an important position in the global supply chain. Taiwan is a trustworthy partner in the global effort to build a "non-Red supply chain." Facing intensified international competition, the government will work hand-in-hand with industries to enhance the international visibility and value of Taiwanese brands. (Editor: Song Wan-yuan)
Source Link: https://www.rti.org.tw/news?uid=3&pid=215208
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