News Analysis: 72% of Managers at Top 5000 Enterprises Worry About Taiwan’s Economy

News Analysis

72% of Managers at Top 5000 Enterprises Worry About Taiwan’s Economy

Sources: Taipei newspapers

January 2, 2008

The latest survey conducted by the China Credit Information Service Ltd (CCIS) shows that 72% of managers of top 5,000 enterprises are worried about Taiwan’s economic development and hope that the government will propose effective policies. With respect to political events such as the plebiscite on joining the UN and rectification of names, nearly 50% of the respondents opined that those political events were not in Taiwan’s best interests.

Taiwan’s economic prospects are poor at this stage, but managers have high expectations for the upcoming Presidential election. 60% of respondents believe that it is possible to improve Taiwan’s economy if there is a turnover of ruling parties as a result of upcoming Presidential election. 72% of the respondents think that the economic policy proposed by the opposition party is better than that of the ruling party.

According to this survey, 49% of the respondents think that their company will continue to make more profits this year. 13% of the respondents worry that company profits will decrease.

When asked about Taiwan’s economic prospects for the next two years, 29% of the respondents expressed pessimism. 72% of the respondents worry about the moving abroad of Taiwan enterprises and the economic slowdown in Taiwan.

People who expressed confidence in making more profits work at companies that have already invested in Mainland China. CCIS reports that companies that have invested in Mainland China expect the greatest increase in profits this year.

Although the government has focused on political issues, such as “rectification of names”, “Joining the UN”, “Collection of KMT party assets”, or “Transitional justice”, more than 50% of the respondents think that these issues are no remedy to Taiwan’s economic problems.

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