The accelerated lifting of China-bound business restrictions will never be a panacea to problems in the local economy, economists said yesterday at a seminar.
Huang Tien-lin (黃天麟), a former national policy advisor to former president Chen Shui-bian (陳水扁), yesterday called the Cabinet’s goal to make Taiwan a logistics hub in the Asia-Pacific region “an illusion.”
Any policies built on illusions are bound to fail, he said yesterday at an economic seminar held in Taichung by the Taiwan Solidarity Union to discuss the nation’s economic future and risks of pushing for closer trade ties with China.
“The Cabinet’s recent financial deregulatory policies will only facilitate another flight of China-bound capital while having a capital squeeze on the local stock market,” Huang said.
Chang Ching-hsih (張清溪), an economics professor at National Taiwan University, said yesterday that the local economy was overly dependent on China, where economic statistics on growth are fabricated by the state.
Taiwan, which has made great contributions to economic growth in China, shouldn’t overly depend on China, Chang said.
Wang Tu-fa (王塗發), an economics professor at National Taipei University, accused President Ma Ying-jeou’s (馬英九) administration of facilitating a “one China market” by quickly opening up the local economy to China.
Wang said that policies recently approved by the Ma administration would end up boosting China’s economy instead of helping Taiwan’s.
Quanta Computer Inc (廣達) chairman Barry Lam (林百里) is expected to share his views about the artificial intelligence (AI) industry’s prospects during his speech at the company’s 37th anniversary ceremony, as AI servers have become a new growth engine for the equipment manufacturing service provider. Lam’s speech is much anticipated, as Quanta has risen as one of the world’s major AI server suppliers. The company reported a 30 percent year-on-year growth in consolidated revenue to NT$1.41 trillion (US$43.35 billion) last year, thanks to fast-growing demand for servers, especially those with AI capabilities. The company told investors in November last year that
Intel Corp has named Tasha Chuang (莊蓓瑜) to lead Intel Taiwan in a bid to reinforce relations between the company and its Taiwanese partners. The appointment of Chuang as general manager for Intel Taiwan takes effect on Thursday, the firm said in a statement yesterday. Chuang is to lead her team in Taiwan to pursue product development and sales growth in an effort to reinforce the company’s ties with its partners and clients, Intel said. Chuang was previously in charge of managing Intel’s ties with leading Taiwanese PC brand Asustek Computer Inc (華碩), which included helping Asustek strengthen its global businesses, the company
Taiwanese suppliers to Taiwan Semiconductor Manufacturing Co. (TSMC, 台積電) are expected to follow the contract chipmaker’s step to invest in the US, but their relocation may be seven to eight years away, Minister of Economic Affairs J.W. Kuo (郭智輝) said yesterday. When asked by opposition Chinese Nationalist Party (KMT) Legislator Niu Hsu-ting (牛煦庭) in the legislature about growing concerns that TSMC’s huge investments in the US will prompt its suppliers to follow suit, Kuo said based on the chipmaker’s current limited production volume, it is unlikely to lead its supply chain to go there for now. “Unless TSMC completes its planned six
Power supply and electronic components maker Delta Electronics Inc (台達電) yesterday said it plans to ship its new 1 megawatt charging systems for electric trucks and buses in the first half of next year at the earliest. The new charging piles, which deliver up to 1 megawatt of charging power, are designed for heavy-duty electric vehicles, and support a maximum current of 1,500 amperes and output of 1,250 volts, Delta said in a news release. “If everything goes smoothly, we could begin shipping those new charging systems as early as in the first half of next year,” a company official said. The new
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