Reported 5 months ago
On July 17, 2024, the government released trade data for the first half of the year, showing over 20% growth in June exports and an overall 11.4% increase. The dominance of electronics and ICT products in Taiwan's exports has reached 64%, with other traditional industries experiencing decline. This structural shift, with electronics and ICT driving growth while traditional exports decline, presents challenges for Taiwan's economy and raises concerns about income distribution. President Lai Ching-te's emphasis on inclusive economic development highlights the need to address these disparities in order to ensure shared growth and social stability amidst the semiconductor industry's success.
Source: YAHOO