Lien Hsien-ming: Cross-Strait Industries Shift from Complementary to Competitive, 10 Measures for Taiwan Have Limited Effect
NQ Score
91/100
AI Summary (NQ-processed)
Lien Hsien-ming, President of CIER, stated that China's 10 measures for Taiwan, announced after the Zheng-Xi meeting, have limited effect on stimulating domestic demand, similar to past initiatives. He noted that cross-strait industries have transitioned from complementary to competitive, with traditional Chinese industries directly competing with Taiwan, leading to significant price pressure. CIER forecasts Taiwan's economic growth rate at 7.22% for this year, but inflation is nearing the 2% alert level at 1.98%.
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Frequently Asked Questions
- Q: What is the impact of China's measures on Taiwan's economy?
- A: According to CIER President Lien Hsien-ming, measures like individual travel and agricultural product imports have limited effect on stimulating domestic demand, similar to past initiatives. He suggests that alleviating China's overcapacity and 'involution' would be more beneficial for Taiwan's industries.
- Q: What are Taiwan's economic growth and inflation forecasts for 2026?
- A: CIER forecasts Taiwan's economic growth rate at 7.22% for 2026. The annual Consumer Price Index (CPI) growth rate is predicted to be 1.98%, approaching the 2% inflation alert line.