Executive Yuan Comptroller Zhu Zemin said that Taiwan‘s economic growth is higher than the global average and that being in the front class of Asia’s four small dragons will become the norm, as for Taiwan stocks rose 169.5 points today to close at 14902.03 points.
The pneumonia epidemic in Wuhan hit the global economy hard, but Taiwan created a bright economic growth rate due to its excellent epidemic prevention performance, and a senior reporter from Korea’s largest newspaper, Chosun Ilbo, even wrote an article praising Taiwan. Executive Yuan Comptroller Zhu Zemin said that Taiwan’s economic growth is higher than the global average, and ranking in the front class of Asia’s four small dragons will become the norm. DPP legislator Wang Dingyu also said that Taiwan is on the right track. In addition, Taiwan stocks opened red today rose 169.5 points to close at 14902.03 points, continuing to set a new closing high.
Taiwan’s economy exceeds expectations Comptroller: economy will lead the world in the long run
The Chosun Ilbo reports that Taiwan, with a population of 23 million, has become the country with the most significant economic growth in 2020, and emphasizes that the Office of the Comptroller of the Executive Yuan announced in November its forecast for economic growth in 2020, revised upward from the original 1.56% to 2.54%, substantially exceeding the International Monetary Fund’s (IMF) forecast for South Korea in October 2020 of -1.9%, and China’s 0.9%. China’s 0.9%.
The report also cited IMF figures, saying that the IMF initially predicted Taiwan’s economic growth rate to be 0% in 2020, but by October and November, Taiwan’s exports were ranked among the top few, and Taiwan’s economy even grew more than expected in the second half of the year. If the Republic of China government’s prediction of 2.54% comes true, Taiwan’s economic growth rate will be the first time since 1991 to surpass China’s, and at the same time, the will be the first in economic growth among countries with a population of 20 million people.
According to the Comptroller General’s Office, Taiwan’s economic growth rate will be 2.96% in 2019, higher than the global rate of 2.6%, ranking first among the four small dragons in Asia; Taiwan’s economic growth rate will be 2.3% in the first three quarters of 2020, higher than the global rate of -4%. In response, Executive Yuan Controller Zhu Zemin said that Taiwan’s economic growth is higher than the global average and ranking in the front class of Asia’s four small dragons will become the norm.
In response, Wang said today that Taiwan is on the right track, such as strengthening national defense, upgrading diplomacy, health prevention, economic and trade growth, domestic infrastructure, light tax cuts and higher income, etc. We must work together to grow Taiwan!
Taiwan stocks add firewood legal person look forward to foreign capital backfill
The Central News Agency (CNA) reported that Taiwan stocks rose 169.5 points today, closing at 14902.03 points, with a turnover value of NT$345.741 billion.
The three major legal entities, foreign and Chinese capital, self-dealers buying over, and investment trusts selling over, bought a total of NT$25.135 billion. Among them, foreign and Chinese investors bought over 23.305 billion yuan, self-dealers bought over 3.281 billion yuan, and investment trusts sold over 1.451 billion yuan.
As for foreign investors to buy the top 3 stocks today, respectively, to buy more than 46,000 Honghai; buy more than 16,000 Sun and Moonlight investment control; buy more than 16,000 Xinxing, to the 4th to the 10th in steel, TSMC, South Asia, etc., shows that foreign investors favor technology stocks.
In this regard, the chairman of the South China Investment Advisory Chu Cheung-sheng said that foreign investors buy back to the team, lending Taiwan stocks rose sharply today, continue to hit new highs, as foreign investors sold over 530 billion yuan in Taiwan stocks in 2020, mainly sold over the transmission of production and other stocks, the follow-up buy back, is expected to add firewood for Taiwan stocks.
Chu Cheung-sheng said, at present, there is no limit to the high point above Taiwan stocks, but because the market encountered the epidemic, international relations, the general economic policy and other uncertainties, so investors should have a high risk, but also have to pay attention to the sharp rise of the warning signs.
According to the manager of Prudential High Growth Fund, Mr. Ye Xianwen, Taiwan stocks have the advantage of high yield rate, which is expected to start fermenting in the 2nd quarter of 2021, because the trend of low interest rates in the global financial market remains unchanged, and the US dollar is in a relatively weak position, foreign investors stand on the sell side of Taiwan stocks in 2020, and according to the statistical history data, foreign investors rarely sell over Taiwan stocks for two consecutive years, which means that the chance of international funds covering will increase greatly in the future.
Allianz Taiwan Dam fund manager Hsiao Hui-chung said, from the fundamental point of view, the outlook for Taiwan stocks before the New Year is optimistic, and from the financial point of view, even if the foreign capital replenishment force in late December 2020 heats up, and the accumulated December foreign capital replenishment of more than 50 billion yuan, but foreign capital in 2020 is still in the situation of selling over 500 billion yuan, so in 2021 the market outlook is positive support, foreign capital replenishment can still be expected.
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