Domestic investment as a ratio of GDP has lagged behind those of many other Asian countries in recent years, according to the Direc-torate General of Budget, Account-ing and Statistics (DGBAS).
The nation's average investment rate of 22.5 percent as a percentage of GDP over the past five years ranks the country at the bottom of the list of the four Asian dragons -- Taiwan, Hong Kong, Singapore and South Korea -- the DGBAS reported. It is also lower than Japan's, officials said.
The DGBAS noted that the investment rate as a ratio of GDP is an indication of a country's economic development and its allocations of resources.
Pushed by efforts to increase infrastructure and attract foreign investment, investment rates in Asian countries are usually higher than those recorded by developed European countries and the US, DGBAS officials explained.
Japan's five-year average is 26.6 percent, while South Korea's is 27.4 percent, Hong Kong's is 28.8 percent and Singapore's is 31.8 percent.
As for government spending as a percentage of GDP, the average for the past five years is 13.5 percent. The ratio is noticeably lower than the peak of 17.4 percent registered in 1991, the officials said.
However, they said the nation's ratio is still higher than that of Hong Kong, Singapore, Vietnam or South Korea.
At the same time, private-sector consumption as a ratio of GDP in the last five years averages 61.1 percent, lower than the US' 67.6 percent and Britain's 65.5 percent but higher than those of Germany, France and other Asian countries.
Compared to other Asian countries, the country's percentages in private-sector consumption and government spending are relatively high, resulting in a lackluster average savings rate of 25.4 percent during the 1997 to 2001 period.
That is far lower than the figures registered by Singapore, Hong Kong, Japan and South Korea, the officials said.
In the area of foreign trade reliance, the DGBAS officials said the nation's ratio of 97.2 percent is high compared to those of other countries due to its relatively small domestic market.
Most countries see a foreign trade reliance of around 50 per-cent, while Hong Kong and Singapore, which rely almost entirely on foreign trade, record a rate of 267.2 percent and 319.6 percent, respectively, the officials said.
Zhang Yazhou was sitting in the passenger seat of her Tesla Model 3 when she said she heard her father’s panicked voice: The brakes do not work. Approaching a red light, her father swerved around two cars before plowing into a sport utility vehicle and a sedan, and crashing into a large concrete barrier. Stunned, Zhang gazed at the deflating airbag in front of her. She could never have imagined what was to come: Tesla Inc sued her for defamation for complaining publicly about the vehicles brakes — and won. A Chinese court ordered Zhang to pay more than US$23,000 in
Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) yesterday held its first board of directors meeting in the US, at which it did not unveil any new US investments despite mounting tariff threats from US President Donald Trump. Trump has threatened to impose 100 percent tariffs on Taiwan-made chips, prompting market speculation that TSMC might consider boosting its chip capacity in the US or ramping up production of advanced chips such as those using a 2-nanometer technology process at its Arizona fabs ahead of schedule. Speculation also swirled that the chipmaker might consider building its own advanced packaging capacity in the US as part
Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) yesterday said that its investment plan in Arizona is going according to schedule, following a local media report claiming that the company is planning to break ground on its third wafer fab in the US in June. In a statement, TSMC said it does not comment on market speculation, but that its investments in Arizona are proceeding well. TSMC is investing more than US$65 billion in Arizona to build three advanced wafer fabs. The first one has started production using the 4-nanometer (nm) process, while the second one would start mass production using the
US President Donald Trump has threatened to impose up to 100 percent tariffs on Taiwan’s semiconductor exports to the US to encourage chip manufacturers to move their production facilities to the US, but experts are questioning his strategy, warning it could harm industries on both sides. “I’m very confused and surprised that the Trump administration would try and do this,” Bob O’Donnell, chief analyst and founder of TECHnalysis Research in California, said in an interview with the Central News Agency on Wednesday. “It seems to reflect the fact that they don’t understand how the semiconductor industry really works,” O’Donnell said. Economic sanctions would