Taiwan’s government will continue to provide infrastructure stability, optimize the regulatory environment, and promote the ‘Balanced Taiwan’ policy to support industrial development and drive balanced growth. That came from Vice President Hsiao Bi-khim (蕭美琴) at the General Assembly of the Chinese National Association of Industry and Commerce, Taiwan (CNAIC), on Thursday, June 18.

CNAIC Chairman Thomas T. L. Wu (吳東亮) said at the event that despite challenges of global supply chain restructuring and digital transformation, Taiwan has achieved impressive economic results thanks to the concerted effort of the government and industry. He was confident that Taiwan’s economic growth rate would exceed 10 percent, propelling Taiwan to the top 20 of world economies.

Hsiao said in her remarks that in the face of rapidly changing international circumstances, the government and the business sector must remain vigilant. She said the government will continue to support industries and their infrastructure needs such as water, electricity, and talent. She said that in light of rapid advances in technology and AI, regulations must be both flexible and forward-looking, so that they can support innovation while maintaining social stability and fairness. Hsiao also noted that President Lai Ching-te (賴清德) continues to promote the ‘Balanced Taiwan’ policy, which helps traditional industries and the service sector alongside technology industries like semiconductors and AI.