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Gong Mingxin: With a solid foundation, Taiwan’s economy will be optimistic in the next 10 to 20 years | Finance | Newtalk News

Gong Mingxin: With a solid foundation, Taiwan’s economy will be optimistic in the next 10 to 20 years | Finance | Newtalk News
Gong Mingxin: With a solid foundation, Taiwan’s economy will be optimistic in the next 10 to 20 years | Finance | Newtalk News
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Gong Mingxin, chairman of the National Development Council and quasi-secretary-general of the Executive Yuan, accepted an exclusive interview with the Yahoo TV online program “This Is Reasonable” today (24th). He talked about the cross-ministerial coordination challenges he will face in the future. He said that the past eight years have laid the foundation for It is profound and makes Taiwan’s economy optimistic in the next 10 to 20 years. As for the former Minister of Economy, Guo Zhihui, his past judgments were uncovered and he was questioned about his involvement in the Securities and Exchange Act. Gong Mingxin said, “Some people will inevitably make some mistakes in the process. As long as they do their job well, it will be a blessing to the country.”

Gong Mingxin said that the Tsai government has promoted green energy in the past eight years, but it still faces a lot of internal resistance. He dare not say that all policies are flawless in substance, but what matters is the general trend and direction. The development of the green energy industry is unlimited. It is a regrettable policy, because in order to achieve the goal of net-zero transformation in 2050, if there are any shortcomings, we should correct them instead of slowing down or going backwards.

Regarding the forward-looking construction of 880 billion for eight years, the opposition party plans to propose no special budget. Gong Mingxin said that he respects the resolution of the Legislative Yuan, but forward-looking infrastructure construction is very important to the country’s development. Before 2016, Taiwan’s economic situation was very bad. Investment went abroad, and the growth momentum was insufficient, resulting in hollowing out. Investment must be driven by the government. Only if this situation is reversed can the private sector invest and support Taiwan’s economic growth momentum.

Gong Mingxin pointed out that the current 12 key strategies hope to have 4 industrial supply chains in 2030, including: solar photovoltaic supply chain, offshore wind power supply chain, electric vehicles and energy storage and energy conservation. This is something that must be faced in the future and will definitely be development; future quasi-president Lai Qingde also proposed five “trust industries” including military industry, security control, etc.

Gong Mingxin emphasized that from the perspective of economic fundamentals, “Taiwan is still optimistic about the next 10 to 20 years.” Digital transformation must be the foundation for development. The foundation for the past eight years has been very complete and profound. Semiconductors are the core global layout, but the core is still in Taiwan.

Zhuo Wengtai recently announced the members of the Finance Cabinet. Many members have joined the cabinet from the industry. However, the past judgments of quasi-Economy Minister Guo Zhihui have been uncovered and he has been questioned about his involvement in the Securities and Exchange Act. Gong Mingxin said, “Some people will inevitably make some mistakes in the process. As long as they do their job well, it will be a blessing to the country.” Because cabinet members join politics from industry, in addition to being tested in the Legislative Yuan, they are willing to give up their existing Whether they are directors or businesses, or putting property into trust, the impact on them cannot be said to be insignificant. Government salaries are really very different from those in the industry. He believes that just don’t forget your original intention. The purpose of joining the government is to do something for the country. Don’t give up your original intention and just do good for the country.

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