Reported 8 months ago
On June 22, 2024, Minister of Economic Affairs Guo Zhihui stated that the issue of cross-strait economic interdependence lies mainly in industrial structure, emphasizing the need for Taiwan to identify its niche markets. Despite the decreasing economic reliance on China, Taiwan's trade volume remains one of the world's largest. Guo highlighted the importance of market definition and precision in Taiwan's business strategies, particularly in areas such as semiconductors where Taiwan excels in technology. Guo emphasized the necessity for Taiwanese enterprises to remain agile and market-savvy to maintain their technological edge and advantages.
Source: YAHOO