tag:blogger.com,1999:blog-10698887.post2076742657552160337..comments2023-10-22T18:25:39.688+08:00Comments on The View from Taiwan: ECFA success #25904: Exports, Industrial Production SlumpMichael Turtonhttp://www.blogger.com/profile/17974403961870976346noreply@blogger.comBlogger7125tag:blogger.com,1999:blog-10698887.post-86600949402302786072015-06-27T17:11:45.653+08:002015-06-27T17:11:45.653+08:00lies are too many and too deep in taiwan business ...lies are too many and too deep in taiwan business culture, which respects cheating and despises honesty. how can economy be sustained in such culture? Which private companies are not using pirate softwares?an angry taiwanesenoreply@blogger.comtag:blogger.com,1999:blog-10698887.post-43734639833174839502015-06-26T22:18:20.441+08:002015-06-26T22:18:20.441+08:00One area for growth is renewable energy. Obviously...One area for growth is renewable energy. Obviously the old guard protects Taipower zealously. Can you see a new regime smiling on it? The big question for it is, can the laws regarding renovation and retrofitting houses be changed to allow for existing homeowners to deploy solar or wind components on pre-existing structures? You have spoken before on this, but I forget exactly what you thought.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-10698887.post-5049928965953704232015-06-26T17:00:20.365+08:002015-06-26T17:00:20.365+08:00Michael, your disdain towards ECFA is very underst...Michael, your disdain towards ECFA is very understandable. In light of China's slowdown, shouldn't the bigger issue that Taiwan should not have almost 40% of its trade done with China. I'm guessing this significant dependency existed before ECFA. China might continue to grow but at lesser rates than now (the easy growth is gone) and the Chinese are not going to be any wealthier and I fear Taiwan will be tied to this sinking giant if it doesn't start diversifying its trade.<br /><br />CPAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-10698887.post-71861558069972015722015-06-26T10:30:39.044+08:002015-06-26T10:30:39.044+08:00Beautiful comment, and quite true.Beautiful comment, and quite true.Michael Turtonhttps://www.blogger.com/profile/17974403961870976346noreply@blogger.comtag:blogger.com,1999:blog-10698887.post-75953443691098413202015-06-26T09:35:52.194+08:002015-06-26T09:35:52.194+08:00This is a lot to drop in just a simple comment, bu...This is a lot to drop in just a simple comment, but Taiwan will need to reckon with its longtime trade surplus eventually, not seek to achieve it across various trade relationships. Who does a cheap currency truly help? Exporters and the owners of those companies. Who's hurt? Regular households that are not employed by the export sector and being severely underpaid across decades. Taiwan's air, water, land, sweat, and blood have been sold too cheaply abroad for far too long. In the beginning, this was actually useful to develop nascent industries, but today's Taiwan is so far beyond that it is only an addiction that benefits the rich. It's madness that has to end, and if you are looking at China, what's important is that China has been copying the model of Taiwan and Japan before it, but now is being forced to reduce all surpluses and develop the domestic consumer market. Unfortunately, China is being forced to adjust prior to achieving the same level of wealth of Japan and Taiwan, but that's how it is, because the US consumer is out of money and can no longer get a poorly thought-out loan.<br /><br />Taiwan would do well to prepare for a much appreciated TWD. One bright spot: there's a ton of domestic demand opportunity in infrastructure investment that the government could do, as in that regard, Taiwan's government has been relatively conservative in spending money versus other developed countries.Taiwan Economicsnoreply@blogger.comtag:blogger.com,1999:blog-10698887.post-49059544906765482142015-06-25T21:16:29.675+08:002015-06-25T21:16:29.675+08:00Alas, I do not trust any China growth numbers.Alas, I do not trust any China growth numbers.Michael Turtonhttps://www.blogger.com/profile/17974403961870976346noreply@blogger.comtag:blogger.com,1999:blog-10698887.post-48213820577149487012015-06-25T17:53:33.064+08:002015-06-25T17:53:33.064+08:00You need to temper this with the fact China itself...You need to temper this with the fact China itself is, as voiced by some fringe bloggers, in negative growth. So we are simply tied to the anchor that is China. Zerohedge is your friend in these matters, I think you've referenced it before.Anonymousnoreply@blogger.com