The new premier, Lin Chuan, took up office on Friday. Lin has thanked Taiwan’s public for their support and says the new government will work hard to build an economy based on creativity.
Lin said he understands that many companies are not optimistic about the current investment climate in Taiwan. He said the Tsai Ing-wen administration aims to build an economy that encourages creativity.
“We are trying to shift our focus to new industries, and we will base our new economy on the IT sector, pharmaceutical biotechnology, green energy, intelligent robotics, and national defense. We hope these sectors will pave the way for a new economic model in Taiwan," said Lin.
Lin said the new government will be proactive in signing free trade agreements with other nations and in joining regional economic associations. He said the aim is to better integrate Taiwan with the global economy and improve people’s income levels.