The domestic main project estimates that Taiwan's per capita GDP this year will reach US$38,066, higher than the Korean government's estimate of US$37,430, and is expected to reach a new high of US$40,000 next year, which is higher than the South Korean valuation of US$38,947 next year, which is the leading margin. The chairman of the National Development Association, Ye Jun, showed that on the 17th, he was optimistic that Taiwan's per capita GDP continues to lead Korea, mainly because of its product price rating capabilities. In addition, the reason why South Korea's main industry was severely hit by Chinese goods is also the reason. But he also admitted that even his mother heard the economic growth rate of 4.45%, and asked him "What can 4.45% change?" clearly without feeling. How can Taiwanese people feel? Ye Junxing also tried to draw an explanation recipe.
This year, the New Taiwan Coin has been strong, with a 2-digit headline, which has boosted Taiwan's per capita GDP and made Taiwan ahead of South Korea. However, some people are worried that the New Taiwan Coin may affect export competition, but Ye Jun is not worried. He recalled that around 2019 to 2020, the NT$'s growth was also amazing, but the strong NT$ did not affect the performance of exports, but the export volume continued to rise.
"We have strong pricing capabilities in AI and advanced process semiconductors!" Ye Jun emphasized that as long as the product has unique characteristics, it can skip the "relationship between price and exchange rate fluctuation" of general international traded products. It not only can grasp the right to set prices, but also affect the ability to judge due to the increase in exchange rate. He estimated that within at least five years, Taiwan's electricity supply will still maintain its existing advantages, and with Taiwan's related industries conquering cities and territories around the world, it is optimistic that Taiwan's per capita GDP will continue to lead Korea in the future.
China's excess capacity has been hit, and South Korea is more injured than TaiwanSouth Korea's industrial structure is different from Taiwan. It is mainly financially employed. In the past, China's investment and reliance on the Chinese market was more severe than Taiwan, which led to China's over-investment being able to slowly impact the world. South Korea was hit harder than Taiwan. Originally, Korean goods in the Chinese market will be slowly replaced by Chinese goods. "The most obvious product is automobiles." As soon as it went down, it opened up the per capita GDP gap in Taiwan and South Korea.
Ye Jun also pointed out that it is not difficult for Taiwan's economic growth rate to exceed 4% this year, and data shows that AI demand is still very strong. "Even Taiwan Power said that production will be full by next year." It is estimated that by next year, global AI demand will continue to rise, and Taiwan's export performance will remain at a certain high level, which will increase domestic investment. However, affected by taxes, the consumption part is not as impressive as exports and investment. "For example, cars are piled in ports because everyone is still watching", and the investment is relatively low.
In addition to raising basic salary, are there any other ways to improve income gap?It is only though Taiwan has achieved impressive economic growth in recent years, from the perspective of social wealth distribution, the situation has gradually become more and more people are feeling less about "high-eye numbers". He pointed out that the National Development Association is investigating the relationship between "basic salary adjustment" and "median income" to determine whether there are practices to better improve the income gap in Taiwan in addition to increasing basic salary, hoping that the public can enjoy the fruits of economic growth.
Ye Jun shows and emphasizes that statistic numbers must be linked to people's lives to make the people more "feeling". He also reveals his conversation with his mother a few days ago: "I happily told my mother that the economic growth rate this year is 4.45%! She asked me, what can 4.45% be replaced?"
Ye Jun said that such dialogue shows that economic growth numbers have lost links with people's lives. If we can first calculate the average increase in each person in Taiwan this year, and then change the number with food. For example, if we say that there is an extra rib every day, the metaphor will make people feel the economic growth numbers.
Therefore, in the future, "precision policy" will be the key management project of the National Development Association for various ministries. He will require each ministries to use languages that everyone can understand, and it is best to use videos to present the differences in the policy "Before & After" so that the public can understand the degree of improvement of this policy to their lives and promote relevant policies.
Under the wave of AI, Taiwan's economic strength has reached a new height, but future tests are not only more favorable to other countries' numbers. Whether more people can enjoy the fruits of economic growth is the future focus of the National Development.
Extended reading: Taiwan's per capita GDP this year is estimated to surpass Korea, and Korean media revealed three major reasons South Korea's per capita GDP in 2025 is estimated to be behind Taiwan, and it was first supervised by Taiwan in 22 years