1704778119
Financial Center/Reported by Zhou Menghan
Less than a week before the 2024 presidential election, Xie Jinhe, chairman of Caixin Media, also published a special article recalling the “tremendous changes” President Tsai Ing-wen has made for Taiwan over the past eight years When Tsai Ing-wen was first elected, Taiwan’s exports had already been in recession for 15 consecutive months. At that time, exports amounted to 22.25 billion US dollars. However, the highest single-month export during President Tsai’s term was $43.5 billion. That has almost doubled. It also solved the government’s hidden debt problem and showed that Taiwan’s low wage problem was linked to China.
Xie Jinhe, Chairman of Caixin Media. (File photo/FTV News)
Xie Jinhe posted on Facebook titled “Looking back at Taiwan’s tremendous changes in the past eight years.” He said that President Tsai Ing-wen had agreed to his exclusive interview. The two people chatted for two full hours of the original interview. The hour-long program focused on the key points. Reflecting on President Tsai’s political achievements for Taiwan over the past eight years, Xie Jinhe pointed out that the last two presidents’ opinion polls were terribly low at the end of their terms. A-Bian faced pressure from the collapse of the Red Shirt Army, and President Ma had During the Horse King controversy, Mao Zhiguo resigned and the polls fell to single digits. Later, Zhang Shanzheng was appointed executive president at the critical moment. and he could barely survive the window period from January to May 20th.
In 2015, Taiwan’s economy was in danger. This year, ProMotech went bankrupt, Powerchip Semiconductor was delisted, and Ziguang’s Zhao Weiguo came to Taiwan to name TSMC, Silicon Products, ASE, and MediaTek. Yin Qiming and Xuan Mingzhi planned to integrate Taiwan’s DRAM industry, but later failed. When President Xiaoying was elected in January, Taiwan’s exports had declined for 15 consecutive months. In April, before President Xiaoying took office in May, Taiwan’s exports were still declining. That month, exports totaled $22.25 billion. Xiaoying The highest export in a month of the presidential term was 43.5 billion US dollars, almost doubling. Xie Jinhe said that during the Tsai administration, Taiwan’s exports grew by more than 74%, representing a transformation of Taiwan. (File photo/FTV News)
Xie Jinhe said: “During the eight years of the Ma administration, Taiwan’s export growth was very limited. During the eight years of the Tsai administration, the growth rate was more than 74%. This is a transformation of Taiwan. And the profits of companies have risen even further. In the first quarter of 2016, Taiwan’s exports grew by more than 74%. Net profit of listed OTC companies was 348.9 billion yuan, a 14-quarter low. TSMC’s net profit this quarter was 64.78 billion yuan, and now it can earn nearly 300 billion yuan in a quarter. All listed OTC companies have an unprecedented record of more than NT$1 trillion in a single quarter for six consecutive quarters.”
Xie Jinhe pointed out: “At that time, economist Liang Guoyuan warned that Taiwan’s economy fell into fuzzy growth and showed a downward trend. Tai Gong also warned that Taiwan’s economy is not in good shape! When Lin Quan, who took over as executive president at the time, was questioned and said that it was difficult to maintain economic growth in Taiwan and that negative growth could occur.
Things get even worse. The finances of various districts and cities are in crisis. Miaoli County is considered brain dead and can no longer pay salaries. Ten cities were classified as severely comatose, including the city of Tainan, where Lai Qingde is mayor. Another reason is that employment insurance companies and pension funds are under pressure to go bankrupt. At that time, Finance Minister Zhang Shenghe shouted: “If pensions are not reformed, Taiwan will collapse!” However, no one in power wants to be a villain, he emphasized that “Xiaoying is wearing a steel helmet who has completed pension reform! And the military, public and educational personnel whose interests were harmed continued to scold Xiaoying for many years.”
Xie Jinhe said that President Tsai Ing-wen solved the government’s hidden debt problem at that time. (Photo/FTV News)
Xie Jinhe said: “President Xiaoying has solved the government’s hidden debt problem. In recent years, Taiwan’s tax revenue has exceeded 3 trillion yuan. Taiwan taxes high earners, and 47.6% of the population pays no taxes. “Last year everyone.” received a red envelope containing 6,000 copies. In addition, President Tsai has built a self-sufficient military industry. The green energy industry is also flourishing in Taiwan. There are 283 offshore wind turbines with an electricity generation capacity of more than 1 GW. Taiwan’s semiconductors have created the world’s first competitiveness. “In 2015, Taiwan’s DRAM industry almost completely collapsed, and TSMC gradually began to claim to be a national protector in late 2019.”
Xie Jinhe listed the economic data of 2015 and 2016 and shouted: “Taiwan is really not easy!” (Image/reproduced from Xie Jinhe’s Facebook)
Xie Jinhe concluded: “Taiwan has made steady progress step by step over the past eight years. In recent years, many people have criticized Taiwan’s low wages. This is because Taiwanese companies have been investing in China over the past 20 years.” Production has been uprooted, the proportion of Taiwan’s foreign production once exceeded 60%. Later, Shen Rongjin became Minister of Economic Affairs and Taiwanese businessmen returned to Taiwan to invest in three major plans to gradually solve this long-term drought,” he also revealed that this interview with President Tsai is also a review. How she has led Taiwan to the world under unprecedented pressure over the past eight years! “I compared the economic data from 2015 and 2016. Taiwan is really not easy!”
#Tsai #Ingwen #yearsXie #Jinhe #reveals #shocking #data #laments #Taiwans #wages #linked #China #FTV #News