But this may also signal an increase in the import of production machinery and equipment, which would mean a boom in investment.
"That would be a good thing for the long-term growth of the economy," he said.
Chu did not agree with Standard Chartered's upbeat view on Taiwan's real-estate market, saying housing prices in Taiwan are approaching their ceiling.
In the second half, economic performance will be affected mainly by business investments, domestic consumption and government stimulation measures, in addition to the Chinese and US economies, he said.
RSS