Taiwan Passes Ambitious New National Development Plan
Taiwan’s new four-year National Development Plan aims to achieve an average economic growth rate of 3.6% and to raise the country’s per capita GDP to over US$40,000 a year by boosting the value of Taiwan’s AI and chip sectors.
Transcript
00:00A new four-year national development plan passed by Taiwan's cabinet has laid out ambitious
00:05economic targets for the country. The plan aims to achieve an average economic
00:10growth rate of 3.6%. It also aspires to raise Taiwan's per capita GDP to over US$40,000
00:18a year, with a focus on surpassing that of Japan, South Korea and eventually Israel.
00:25It hopes to achieve this by boosting the value of Taiwan's AI and chip sectors in the coming
00:29years.