Former finance minister says national policy is key to Taiwan’s economic growth｜Taiwan News

Описание: Since the start of the Tsai administration on May 20, 2016, the Taiex has more than doubled, from 8,000 points to 17,600 points. That’s an increase of almost 10,000 points. Foreign capital has been pouring in, greatly boosting the morale of investors. Former Minister of Finance Su Jain-rong says solid national policy has been key for the booming stock market, along with Taiwan’s economic growth. Let’s hear from him.

Su Jain-rong
Taiwan Academy of Banking and Finance
Our fundamentals are actually in a very good situation, especially on the front of finance. Everything has been quite stable so far. Every year, we have repaid our debts, and over the past few years, we have seen surpluses, which can be drawn from in the future to cover some fiscal expenditure. The overall effect of government policy is reflected in Taiwan stock prices. President Tsai has set a new direction for Taiwan’s economy, which no longer relies on China. The current situation is that Taiwan is open to the world. If this policy continues, it will be more beneficial for Taiwan stocks.

Analysts, scholars and investors are keeping a close watch on the election, gauging each presidential candidate’s platform. Whether the current fiscal policy will be maintained and prolong its stabilizing effect on Taiwan shares and GDP growth remains to be seen.

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