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Gou calls for government action on economy

Gou calls for government action on economy

Gou calls for government action on economy

TAIPEI (Taiwan News) – Hon Hai Precision Industry Co., Ltd. Chairman Terry Gou called on the government Tuesday to form a special cross-party action committee to fire up Taiwan’s economy.
The tycoon accused the government of having embarked on an “election holiday” in the run-up to the January 16 presidential and legislative elections, reports said.
Gou, one of the country’s wealthiest and most outspoken business leaders, made the remarks to reporters after a lunch with Chen Deming, the chairman of China’s Association for Relations across the Taiwan Straits, in Taipei Tuesday.
The government needed to take immediate action by forming a multi-party action committee to seek remedies which should show results in the second half of next year, Gou said. The government should not be taking an election holiday or holding debates on manufacturing policies, but take immediate decisions to transform and upgrade Taiwan’s business sector, he said.
Only a small group of people were optimistic about the country’s economic outlook for next year, a few were holding a neutral stance, while the largest group was pessimistic, according to Gou.
Businesses were giving staff unpaid leave, putting them on furlough and trying to help themselves as best as they could, while top government officials like Premier Mao Chi-kuo had good intentions but were not taking the necessary actions, Gou was quoted as saying.
Instead of waiting while the situation grew worse, the government should take immediate measures to turn the decline around and achieve results by the second half of next year, the tycoon concluded.
Economic growth for Taiwan in 2015 was recently projected at just above 1 percent, a far cry from the 3 percent predicted at the beginning of the year.
The new president elected on January 16 is scheduled to take office with a new government team on May 20.


Updated : 2021-09-22 11:52 GMT+08:00