President Tsai Ing-wen announced the direction of economic policy at the national security high-level meeting on the 31st, and the Ministry of Economic Affairs is responsible for assisting traditional industries and small and medium-sized enterprises.

(Photo by Central News Agency)

[Reporter Lin Jinghua/Taipei Report] President Tsai Ing-wen announced the direction of economic policy at the National Security High-Level Meeting today (31st). The Ministry of Economic Affairs is responsible for assisting "traditional industries" and "small and medium-sized enterprises" in response to economic and people's livelihood measures, and starts from the two directions of "capital" and "transformation". As for the detailed budget, it needs to be further coordinated and distributed by the National Development Council.

The Ministry of Economic Affairs pointed out that my country's manufacturing industry is export-oriented. The recent downturn in the international economy has led to problems such as reduced orders and inventory accumulation. Large factories already have the experience and ability to respond to economic cycles, while traditional industries and small and medium-sized enterprises need direct assistance.

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First of all, in terms of funds, the Ministry of Economic Affairs pointed out that "no umbrellas in rainy days" is an important direction for enterprises to turn around at this time. Therefore, the period of bailout and stimulus loans will be extended, including the extension of old loans, working capital loans and stimulus loans, etc. The project will be extended to April 30, 2023; in addition, it will plan to propose a special loan for the transformation of small and medium-sized enterprises.

Secondly, in terms of transformation, the Ministry of Economic Affairs stated that changes in the international political and economic situation can build a foundation for transformation and upgrading.

The Ministry of Economic Affairs will use the model of a special person and expert advisory group to provide on-site counseling services to assist the industry in the three directions of "smart production", "low-carbon improvement" and "modularization popularization". It also subsidizes relevant courses and on-the-job training , to assist enterprises to retain core talents.

In addition, the Teden factory in transition has accelerated its transformation.

According to statistics, there are currently more than 32,000 factories applying for management. In addition to assisting about 10,000 manufacturers who have already proposed improvement plans to speed up the improvement, we will also assist the remaining about 21,000 factories to propose improvement plans. Promote the fire protection, environmental protection and safety of factories and workshops, and assist the industry to move towards intelligent production lines.

The Ministry of Economic Affairs pointed out that the direction of helping the industry and stabilizing employment remains unchanged. The executable budget will gradually launch relevant guidance measures. At the same time, it will also take stock of resources and conduct cross-ministerial coordination, maintain close contact with the industry, and keep an eye on the international economic situation. Respond quickly to help the industry survive the economic changes next year.

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