Taiwan unveils US$29b stimulus package over eight years

[TAIPEI] Taiwan said on Thursday it is planning a stimulus package of NT$882.4 biillion (S$40.6 billion) over eight years to boost the island's export-driven economy.

The package, which is subject to legislative approval, is expected to have limited impact on the economic growth, Premier Lin Chuan told reporters in a briefing.

In a bid to rebalance the trade-reliant economy which is vulnerable to protectionist concerns from the United States, Taiwan is looking for domestic drivers that dovetail with President Tsai Ing-wen's push to roll out green energy, improved utilities, better transport and telecommunications networks, and innovative technology.

REUTERS