Premier Su Tseng-chang (
"We figured this out from the latest statistics that we have," Su said. "October, for example, was a record-breaker for total foreign invoices. In the same month we had the lowest unemployment rate in six years."
Addressing the weekly Cabinet meeting yesterday, Su said the government was looking at a total of more than US$400 billion in international trade for this fiscal year and inflation of less than 0.68 percent. This year's economic growth rate is 4.39 percent.
Su said the Council for Economic Planning and Development had accepted 110 applications by Taiwanese businesspeople to relocate businesses or investment back to Taiwan between September and last month.
In the same period, there was an accumulation of more than US$12 billion in foreign investment, double the figure for the same period last year.
"It is a clear sign that our efforts for the past year have been affirmed: The environment for investment has improved and more businesspeople have more confidence in us," Su said.
The premier did not neglect to promote his own "Big Warmth" plan yesterday.
The project, to be implemented over a three-year period, is the first stage of the government's "Economic Development Vision 2015" plan. The total cost for the project is an estimated NT$1.17 trillion (US$35.87 billion).
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