The government broke ground for a new exhibition hall in Nangang District (南港), Taipei, yesterday to address the increasing demand for floor space for international exhibitions.
The NT$7.26 billion (US$243 million) Taipei Nangang Exhibition Center Hall 2 is set to be built on a 3.36-hectare lot opposite Hall 1 and is expected to be completed by the end of 2015, according to the Ministry of Economic Affairs.
The nine-floor building is set to accommodate 2,362 exhibition booths and conference space for 2,400 people when it begins operations in 2016, ministry officials said at the groundbreaking ceremony.
Photo: Lin Cheng-kung, Taipei Times
Premier Sean Chen (陳冲) said the development of the exhibition industry would help Taiwanese enterprises learn new technologies, find new trade partners or seek targets for acquisitions at a wide array of international trade fairs to be held at the venue.
“It’s not [about] what you know. It’s [about] who you know,” Chen said.
The premier said that the new hall would bring the total floor area of Taipei’s exhibition halls to 100,000m2, but this would still lag behind other countries with more mature exhibition industries.
Germany’s four biggest exhibition halls have at least 300,000m2 of space each, Chen said, and Germany ranks only third among the world’s largest exhibition-hall providers, behind the US and China.
Separately, Vice Minister of Economic Affairs Francis Liang (梁國新) said that the government would help domestic manufacturers capitalize on growing commercial opportunities in emerging markets by assisting them in branding and other marketing needs.
Liang said emerging markets, especially those in Asia, are gradually supplanting Europe and the US as the consumer markets with the greatest potential, because of their strong domestic demand.
Based on estimates by international marketing companies, the middle class in these emerging markets could spend up to US$20 trillion over the next decade, which is twice the size of the US consumer market, Liang said.
He pledged that the government would assist domestic manufacturers in strengthening their design, innovation, research and development and international branding capabilities to get an edge in these markets.
“We will initially target markets in mainland China, Indonesia and Vietnam,” he said at this year’s Taiwan International Brand Forum, sponsored by the Bureau of Foreign Trade.
JPMorgan Chase & Co chief executive officer Jamie Dimon on Tuesday quipped that his company is likely to outlast the Chinese Communist Party (CCP), while reiterating the bank’s commitment to the country in wide-ranging comments that also touched on Taiwan, free speech and former US president Donald Trump. “We hope to be there [in China] for a long time,” Dimon told a panel discussion at the Boston College Chief Executives Club. Relaying a “joke” he made during a recent visit to Hong Kong, he said “The communist party is celebrating its 100th year. So is JPMorgan. And I’ll make you a
The Kaohsiung City Government yesterday said it would impose a property hoarding tax as it is seeking to contain speculation in the real-estate market, calling recent price increases “abnormal.” The announcement came in support of the Ministry of Finance’s call for local governments to levy a high tax rate on people with more than one property. Ministry officials on Tuesday discussed strategies to rein in speculation with the nation’s six special municipalities, as well as the Hsinchu city and county governments. About 84,000 out of 1.06 million housing units in Kaohsiung are not residential property, the city government said in a
BOOST EXPECTED: Higher market prices would offset effects of the industry’s transition to more climate-friendly production methods, a company official said China Steel Corp (CSC, 中鋼) expects steel demand to increase on the back of governments around the world subsidizing infrastructure construction amid a stabilizing COVID-19 pandemic, CSC chairman Wong Chao-tung (翁朝棟) told an investors’ meeting yesterday. “After getting through the hard times, I foresee at least one year, very possibly two years, of strong steel market,” Wong said. Calling a dip in steel prices a “short respite for the market,” Wong said that it would likely bounce back early next year on the back of mild winter temperatures around the world allowing construction activity. Despite COVID-19 spikes in some regions and increased
The resilience of the semiconductor supply chain was at the top of the agenda yesterday at the second Economic Prosperity Partnership Dialogue between representatives from Taiwan and the US. Other topics discussed included public health, green energy, the digital economy, 5G network security, and science and technology, the Ministry of Economic Affairs said. Minister of Economic Affairs Wang Mei-hua (王美花) and Minister of Science and Technology Wu Tsung-tsong (吳政忠) represented Taiwan via videoconference from Taipei, while US Undersecretary of State for Economic Growth, Energy and the Environment Jose Fernandez spoke from Washington. The dialogue was conducted under the auspices of the American Institute