Sunday, December 15, 2019

Delete this line, and start typing your article in its place. For Wikilinks, use the {{w}} template, example, {{w|Target page|Display text}}.

The {{w|north-south divide in Taiwan|North-South divide in Taiwan}} has been a drag on Taiwan’s long-run prosperity for a long time.

Finally, President Tsai Ing-wen (???) unveiled the Great South, Great Development policy for southern Taiwan as a road map for closing the development gap between southern Taiwan and other parts of the nation during a news conference in Kaohsiung on 14 December 2019, less than a month before Taiwan’s 2020 Presidential election, in which she pinned her hope of being re-elected on the support from southern Taiwanese voters.

Chang Ching-sen, Tsai’s chief civil engineering advisor, added that private domestic investment in Taiwan averaged 4 trillion New Taiwan Dollars every year and most of which had been invested in northern Taiwan. The government, from now onwards, would step up southern Taiwan’s industrial clustering in order to attract more domestic and foreign investments into southern Taiwan, at least more than half of 4 trillions per year, Tsai said, citing semiconductor, defense and shipping industries as major growth engines.

Chang Ching-sen detailed the plan, in which he promised that Tsai government would reduce corporation tax by 20%, cut property tax, and offer long-run preferential loans with a low rate of interest available exclusively for those who invest in the designated industrial clusters in the south.

“We would channel newly-announced capital investments from now onwards into southern Taiwan. “, Chang Ching-sen stressed, “more importantly, we acknowledge that tax considerations are not the only factor in investors’ decision on whether they’re going to invest in southern Taiwan. Therefore, we would greatly strengthen southern Taiwan’s educational position as well as increase its capacity in higher education and research institute to double its in-house talent pool. ”

Chang Ching-sen also committed on behalf of Tsai Ing-Wen to accommodating start-ups in the south with technical/legal assistance in addition to improving the south’s living standard and the effort paid to environmental protection.

The chief civil engineering advisor also reiterated that at least half a trillion New Taiwanese Dollars had been budgeted for financing the Great South, Great Development policy over the next four years if Tsai would be elected, which would make up one-half of the central government spending on local infrastructure.

Lai Ching-te said during the press conference that over the past decades, central and northern Taiwan have led the growth and become overloaded nowadays. This is why it’s time for southern Taiwan to lead the way. He said that southern Taiwan would be expected to become a new economic model featuring Industry 4.0.