|
|
★ ★Taiwanese wealth & Taiwan Economy ★ ★ this site's world No.1 in 2020~22, 2017~19, 2016, 2015, 2014, 2013, 2010~12 ★ Top rankings since 1998 ★ |
Taiwan |
Taiwan Economy |
economically, Taiwan is dependent on Beijing. tech. & science rely on the US |
● VOA News, 2022-4-1: At $913 a month, Taiwan's minimum wage is considered extremely low for an advanced economy, Taiwan has just generally struggled with this culture of a really weak wage environment. Survey: More than 20% of Taiwanese under the age of 40 say they lack savings and 65% report they are in debt, only one-third of respondents said their income exceeds their expenses,... Some 41.8% of respondents said their debt was high enough that they felt economic pressure. voanews.com/a/survey-shows-young-taiwanese-lack-savings-are-highly-indebted-/6510937.html
● Forbes, 2022-5-15: Taiwan is home to the world's 22nd largest economy, and is a leading source of electronics products. Taiwan businesses that rank on the 2022 Forbes Global 2000 list of the world's top publicly traded companies out this month include Hon Hai Precision — the big supplier to Apple led by billionaire Terry Gou, and Taiwan Semiconductor Manufacturing Corp., or TSMC, which makes computer chips for Intel. forbes.com/sites/russellflannery/2022/05/15/taiwan-covid-cases-hit-a-daily-record-68732-computex-tech-fair-affirms-in-person-return/?sh=ceeeb60e9714
● Finance Yahoo, 2021-11-20: Taiwan - a GDP of $760 billion (21st biggest) and GDP per capita of $32,000, (29th). a critical supplier of semiconductors, (20% global market share), in 2020, Taiwan’s exports to China hit an all-time high. And “China and Hong Kong combined now represent 34% of Taiwan’s overall trade, compared with 13% with the United States,” according to Brookings. (The U.S. Trade Representative notes that Taiwan is currently our 9th largest goods trading partner with $90.6 billion in two-way goods trade — during 2020.) finance.yahoo.com/news/why-you-should-care-about-taiwan-103511885.html
● Finance Yahoo, Bloomberg, 2022-2-7: The government of President Tsai Ing-wen is looking to cultivate additional overseas markets to reduce the mainland’s economic leverage.Taiwan Set to Lift Ban on Fukushima Food to Boost Japan Tiesfinance.yahoo.com/news/taiwan-set-lift-ban-fukushima-140007509.html?fr=sycsrp_catchall
● South China Morning Post, Hong Kong, 2022-4-11 Taiwan is heavily reliant on the mainland’s economy, with at least 40 per cent of the island’s exports going across the strait.scmp.com/news/china/military/article/3173760/would-us-really-rescue-taiwan-if-mainland-china-attacked
● War On The Rocks, 2022-1-27 (warontherocks.com/2022/01/taiwan-is-not-ukraine-stop-linking-their-fates-together/): Taiwan is an economic powerhouse that punches well above its weight in global commerce, and its economy is closely intertwined with the rest of East Asia and North America. In 2020, it was America’s 9th-largest trading partner, with $106 billion in two-way trade in goods and services. It is also the home of the world’s most strategically important company, TSMC, which has built a daunting lead in semiconductor technology and now accounts for more than half of global foundry revenues...... its per-capita gross domestic product level with Germany’s, adjusted for purchasing power.
Taiwan dominates the global production of computer chips / ◆ BBC, 2022-1-12, source: The Military Balnce, IISS 2021 |
|||
Taiwan | S. Korea | China | Other |
65% | 18% | 5% | 12% |
news.yahoo.com/china-taiwan-really-simple-guide-142542268.html |
|||
◆ New York Times, 2022-1-25: 75 percent of production takes place in East Asia. Ninety percent of the most advanced chips are made in Taiwan...China could use economic coercion, cyberoperations and hybrid tactics to try to seize or harm Taiwan's semiconductor industry — Biden promised he would work to bring production of semiconductor chips back to the United States. nytimes.com/2022/01/26/us/politics/computer-chip-shortage-taiwan.html |
● BBC, 2022-4-25 (bbc.com/news/business-60918337): Taiwan is the first place in Asia to legalise same sex marriage. However, on the ground in Taiwan, things can feel decidedly more old-fashioned, especially at the bank. "Taiwan's banking industry is very, very traditional. There's a lot of bureaucratic issues in it...
● Global Times, 2021-9-20: Taiwan has a trade surplus of more than $100 billion a year with the Chinese mainland ... Mainland stops importing two Taiwan fruits, and DPP authority is howling. globaltimes.cn/page/202109/1234662.shtml
● Forbes, 2022-2-5: Milestone: Taiwan Tops $100 Billion In U.S. Trade For First Time In 2021 forbes.com/sites/kenroberts/2022/02/05/taiwan-tops-100-billion-in-us-trade-in-2021-for-first-time/?sh=40b07b1064a3
● Japan Times, 2021-7-5: China could try to strangle Taiwan economically. Business ties between the two countries have grown into a dense web of interdependence: Taiwanese companies have invested $190 billion on the mainland and more than a million Taiwanese live there. Yet these ties are now fraying as talk of economic decoupling occupies businesspeople and politicians in Taiwan japantimes.co.jp/opinion/2021/07/05/commentary/world-commentary/dire-straits-taiwans-fragile-status-quo/
|
pic.: No.1
"Taiwanese wealth" on
US Yahoo
at
2022-1-28; No.2
"Taiwanese wealth" on
US Yahoo
at
2022-4-11; |
GDP per capita (Norminal)
Ranking |
||||
country/economy (Asia) | 2021 | rank | 2020 | rank |
Singapore | 66263 ($) | 8 | 59795 ($) | 7 |
Australia | 62619 | 9 | 52905 | 10 |
Qatar | 61791 | 10 | 54185 | 9 |
Hong Kong | 49485 | 20 | 46657 | 15 |
New Zealand | 48349 | 21 | 41165 | 21 |
UAE | 43538 | 24 | 38661 | 25 |
Macau | 42107 | 25 | 35621 | 27 |
Japan | 40704 | 26 | 40089 | 24 |
Korea | 35196 | 29 | 31638 | 29 |
Taiwan | 33402 | 32 | 28358 | 32 |
statisticstimes.com/economy/projected-world-gdp-capita-ranking.php |
● Council on Foreign Relations, 2021-5-10: Taiwan’s economy remains reliant on trade with China, which is the island’s largest trading partner. However, their economic relationship has experienced disruptions in recent years, partly due to Beijing’s pressure on the island and Taiwanese officials’ growing concern about its overreliance on trade with China.(cfr.org/backgrounder/china-taiwan-relations-tension-us-policy
●