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By Crystal Hsu / Staff reporterThe Directorate-General of Budget, Accounting and Statistics （DGBAS） yesterday trimmed its forecast for the nation’s GDP growth this year to 3.91 percent, from 4.42 percent previously, as energy price hikes constrain global economic activity.
The Directorate-General of Budget, Accounting and Statistics (DGBAS) yesterday trimmed its forecast for the nation’s GDP growth this year to 3.91 percent, from 4.42 percent previously, as energy price hikes constrain global economic activity. “Though unable to achieve 4 percent growth, Taiwan would outperform the world, with global growth estimated at 2.9 percent,” DGBAS Minister Chu Tzer-ming (朱澤民) said, citing global research body IHS Markit. Inflationary pressures proved worse than expected following Russia’s invasion of Ukraine in February, while China’s COVID-19 lockdowns ...
China is waging economic warfare to acquire Taiwan semiconductor industries, home to the world-leading semiconductor industry, second only after the US.
The US has proposed forging a semiconductor industry alliance between the United States, Taiwan, South Korea, and Japan in a move to prevent China from gaining dominance over the strategic sector.
China is waging economic warfare to acquire Taiwan's semiconductor industries, home to the world-leading semiconductor industry, second only after the US.