President Tsai Ing-wen said Wednesday that the government must respond early to potential risks in the global economy. The president was speaking at a meeting of the central committee of the Democratic Progressive Party (DPP), of which she also serves as chair.
Tsai said Taiwan has seen steady economic growth in the past year. She said exports, manufacturing and retailing performed well, while unemployment and inflation remained stable and investor confidence is up.
The president said the global economy was showing recovery but the government still needs to keep a close watch on potential risks ahead.
DPP spokesperson Ho Meng-hua said, "Looking at the new year ahead, the [president] especially reminded those who serve in government that in addition to pushing deregulation, commerce and investment as core [economic] policy, they also need to continue improving working conditions, especially in the area of low wages, which has been a problem for society over a long period of time."