Premier Cho Jung-tai (卓榮泰) met with business leaders on Tuesday, emphasizing President Lai Ching-te’s (賴清德) directive to revitalize small, medium, and micro-enterprises (SMEs) and prioritize urban renewal and the reconstruction of aging buildings.
Cho highlighted strategies for SME support, including transitioning to net-zero and digital operations, expanding market access, and providing financial incentives. He also stressed the need to connect SME development with Taiwan's high-tech advancements.
Cho also confirmed the Maanshan Nuclear Plant’s No. 2 reactor will be decommissioned in May 2025. He assured that Taiwan’s energy supply will remain stable through 2032, supported by new power plants and private-sector contributions.
Despite recent electricity price hikes for industries, he says the government is helping businesses cut energy costs through efficiency programs. Cho says he is optimistic about Taiwan’s economic growth, projecting a 4.27% GDP growth rate for this year, the second-highest since 2016. For 2025, the economy is expected to grow by 3.29%, aligned with global trends.