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BackManager Gong Mingxin: The budget for small, medium and micro enterprises will increase to 25 billion yuan next year to take care of the affected industries
Manager Gong Mingxin: The budget for small, medium and micro enterprises will increase to 25 billion yuan next year to take care of the affected industries
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自由时报54 minutes agoBusiness2 min readChinaView original

Manager Gong Mingxin: The budget for small, medium and micro enterprises will increase to 25 billion yuan next year to take care of the affected industries

The Taichung City Chamber of Commerce held an appointment with the Minister of Economic Affairs. He Xinchun reported the plight of the closure of Taichung's processing plant, and Gong Mingxin responded that he would increase the budget and introduce AI assistance.

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Minister of Economic Affairs Gong Mingxin attended the Taichung City Chamber of Commerce event and stated that in the face of the difficulties of supply chain restructuring and processing plant closures, the budget for small, medium and micro enterprises will increase to 25 billion yuan next year, and more attention will be paid to industries that have been less cared for in the past, and funds will be invested to help market business districts introduce AI planning.

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Why It Matters

The Taichung City Chamber of Commerce held an appointment with the Minister of Economic Affairs to discuss the transformation difficulties faced by the manufacturing industry and small and medium-sized enterprises.

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Minister of Economy Gong Mingxin said that starting next year, the budget for small, medium and micro enterprises will increase to 25 billion.

The Taichung City Chamber of Commerce held an appointment with Minister of Economic Affairs Gong Mingxin today. About 100 association chairmen attended. Democratic Progressive Party mayoral candidate He Xinchun asked the economy to pay attention to the closure of thousands of processing plants in Central City. This shows that there are indeed some problems in the process of restructuring and transformation of Taiwan's supply chain. People are being hurt, and some workers are indeed taking unpaid leave. Gong Mingxin said that the budget of small, medium and micro enterprises will increase to 25 billion, especially the increase of more than 10 billion, which will take care of industries that were relatively less taken care of in the past. This year, 350 million will be allocated to support some related activities in the market and business districts.

Minister of Economic Affairs Gong Mingxin went to Taichung today to have an appointment with small and medium-sized enterprises. Democratic Progressive Party mayoral candidate He Xinchun reported to Gong Mingxin the current difficulties faced by processing workers; she said that Taichung is a center for precision and smart manufacturing. If the manufacturing industry booms, Well, in the consumer market with domestic demand, business activities in all walks of life will definitely be more active, and she received this data. More than 3,000 processing plants in Taiping and Dali have gone out of business, and 2-3,000 are out of business in Kamioka and Fengyuan.

He Xinchun said that this means that during the process of restructuring and transformation of Taiwan's supply chain, some people are indeed hurt, and some workers are indeed taking unpaid leave, which deserves the attention of the central government and the Ministry of Economic Affairs.

Gong Mingxin said that when President Lai Qingde gave his speech on May 20, he said that there would be an additional 100 billion in the future to increase investment in small, medium and micro enterprises. So starting from next year, the budget for small, medium and micro enterprises will increase from about 11 billion last year to 25 billion, and the extra 10 billion will take care of industries that were less taken care of in the past.

Gong Mingxin said that this year also includes an allocation of 350 million to support some related activities in the market and business districts. For next year's part, more than 2.5 billion will be specially obtained from the 25 billion, and it will be placed in this market business district to assist, and AI planning will be introduced.

As for the convention and exhibition center that the industry is concerned about, Gong Mingxin said that the first phase is relatively small, and now the second phase is built by the central government. In fact, the central budget has been prepared. He hopes that the local government can promote it quickly and the central government will provide strong support.

What to Watch

AI outlook — possibilities, not facts

  • The budget for small, medium and micro enterprises will increase to 25 billion yuan next year

    Very likely · Within months

Open Questions

  • What are the specific allocation details of the NT$25 billion budget?
  • When will the second phase of the Convention and Exhibition Center project officially start?

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This article was originally published by 自由时报.

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