[Jiangsu News Network Comprehensive News] Taiwan’s prices have been on the rise recently, and the outside world is concerned about whether Taiwan is facing inflation pressure. On the 22nd, Cao Tianwang, chairman of the China Economic Research Institute, said that the prices of some commodities have risen, but the definition of inflation is rigorous. For Taiwan at present, it is not a problem of inflation.
Central News Agency reported that Cao Tianwang pointed out in a public lecture at the Progressive Conference of the Industry and Commerce Association that day that he often activities in the vegetable market and observed that the general public's biological prices are rising. "If you ask me if there is an inflation problem in Taiwan, from the perspective of prices, I think prices have risen."
However, he also said that economics has a very strict and more theoretical definition of inflation, that is, the general price level continues and significantly increases. In this definition, there are individual commodities in Taiwan that have risen prices, but it is not an issue of inflation.
Lin Bofeng, chairman of the Progressive Association of Industry and Commerce, also mentioned in a joint interview with the media before the lecture that prices are on the rise, but listed companies that make money are prepared to adjust their salary.
Taipei Raohe Street Tourist Night Market is close to the subway station, and the flow is smooth and prosperous. (Photo source: China News Service data photo)
Cao Tianwang talked about the post-epidemic economic outlook and corporate strategies in the lecture. He said that the severe shortage of chips this year has had a great impact on the industries such as car manufacturers, data centers, electronic products, etc., and the world regards it as a security issue and intends to expand semiconductor production capacity. According to the warning of economists, this is the rise of technology. Once overcapacity is over, prices will be distorted.
He believes that Taiwan's biotechnology industry has advantages due to the trend of aging and the maturity of ICT (information and communication technology) industry. If it can cooperate with the government's tax cuts to encourage the research and development and manufacturing of the pharmaceutical industry, it will inject new energy into the development of Taiwan's biotechnology industry.
Cao Tianwang said that like the world, Taiwan is facing the problems of low birth rate and population aging. Care and medical issues have become serious and important and must be solved. Taiwan's ICT and other industries have developed very well, which is the advantage. (End)
