Taiwan to focus on economic structure, to promote economic growth [IntelliNews - Weekly Reports]
(IntelliNews - Weekly Reports Via Acquire Media NewsEdge) Taiwan is expected to regulate its economic structure, in order to take advantage of the recovering global economy and promoting economic growth. According to Wu Chung-shu, president of the Chung-Hua Institution for Economic Research, the economy is excessively dependent on its electronics and optoelectronics sectors, and economy is negatively affected if these sectors perform inadequately.
The nation's gross domestic product (GDP) is unlikely to recover, in the midst of a global economic recovery, as the industrial chain has lost its benefits. The country's slow economic growth is party due to certain domestic challenges, like a services trade pact with China remains shelved in the Legislature.
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