![file_icon](images/file_icon.png)
Published Date: 2019-08-01
President Tsai
Ing-wen says Taiwan’s economic growth rate in the second quarter of the year
was the highest among Asia’s four little dragons, a group that also includes
Hong Kong, Singapore, and South Korea.
In a Facebook post
Thursday, the president said figures released by the government statistics
office a day earlier show that Taiwan’s second quarter GDP stood at 2.41%. That
was higher than South Korea’s 2.1%, Hong Kong’s 0.6%, and Singapore’s 0.1%.
Tsai also said
exports to the United States grew by 17.4% in the first half of this year, a
higher rate than the other three Asian dragons.
Tsai attributed
this better-than-expected performance to the government’s efforts to boost the
economy. Tsai said the government has taken stapes to help Taiwanese businesses
based in China cope with the US-China trade war, helping them invest in Taiwan
and make inroads into the global market.
She said the
amount of money invested by Taiwanese businesspeople returning from China
amounted to almost NT$500 billion (US$16.6 billion), which is twice the
government’s annual investment target.