Taiwan Key Indicators 2017

 

Sharing two key pieces of information concerning Taiwan's economic outlook for 2017:

The first from the American Chamber of Commerce who published their annual Business Climate Survey for 2017. While the AmCham report is only focussed on a limited subset of respondents from within the chamber's ranks, the key indicators are certainly generalizable. Most significantly, "companies’ employment has grown and is expected to keep growing" with almost half "respondents’ FTEE in Taiwan" increasing over the previous year. "40.4% of respondents plan to continue that FTEE increase in 2017 as well". Despite continued political upheaval in the South China Sea, on the Korean peninsula, and indeed within mainland China, US companies based in Taiwan, remain focussed on the long run, with "45.1% of respondents expect[ing] their companies to increase their level of investment in Taiwan in 2017 (compared with only 6.9% expecting to decrease). In fact, 45.7% of respondents state that Taiwan is a top 10 priority in their global investment plans.". Without a doubt, despite the difficulties of doing business in Taiwan (also listed in the report), the fact that "43.9% [of respondents] characterized their performance as an improvement over 2015" clearly incentives this type of commitment. The rest of the report makes fascinating reading, particularly the section dealing with President’s Tsai’s five priority areas how these will impact AmCham members' companies, and can be downloaded here

The second item of interest is the Robert Walters Global Salary Survey for 2017, which calls for "strong [job market] competition for professionals with in-demand skill sets such as e-commerce, IT, digital marketing and fintech, coupled with strong commercial aptitude". The report goes on to mention the government's "focus on supporting growth of the biotech, defence, green energy and smart machinery industries [as well as] the development of an ‘Asian Silicon Valley’ based on the Internet of Things in northern Taiwan’s Taoyuan City". Download and read the whole report here (free with registration)