Wu Dongliang said that Taiwan is still on the wave of AI and the market outlook for Taiwan stocks is promising. (Photo by reporter Tian Yuhua)
[Reporter Liao Jianing/Report from Taipei] Wu Dongliang, chairman of the Association of Chambers of Commerce and Industry, said today that according to Taishin Investment Bank's internal model, the economic growth rate this year is estimated to exceed 10%. The market is generally optimistic about this year's growth momentum. Taiwan stocks have hit highs recently, benefiting from Taiwan's important role in the global AI and technology supply chain. It is now "still on the wave" and there is still room for performance in the future.
The Association for the Advancement of Industry and Commerce held its 27th first general meeting today, chaired by Chairman Wu Dongliang and attended by Vice President Xiao Meiqin. This time, Hon Hai Precision Chairman Liu Yangwei was invited to deliver a special speech to share corporate AI transformation experience.
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Wu Dongliang accepted joint interviews with the media before the meeting. The latest forecast of the General Accounting Office has raised GDP this year to 9.64%. Talking about this year's economic growth rate, Wu Dongliang said that according to Taishin Investment Bank's internal model, this year's economic growth rate has the potential to exceed 10%. Cathay Pacific Research Institute is also optimistic a few days ago, and the market is generally optimistic about this year's growth momentum.
Taiwan stocks continue to be at a high level. Wu Dongliang said that Taiwan stocks have benefited from the continued drive of TSMC and the AI industry chain. Taiwan has advantages in the global technology supply chain. The AI industry is "still riding a wave" and capital momentum has not weakened. Taiwan stocks still have room for performance in the future.
The ceasefire between the United States and Iran has reached a peace agreement. Wu Dongliang said that this is good news for the global economy. International oil prices have fallen below US$80 per barrel, which will help ease inflationary pressure in the second half of the year, and the overall economy is expected to benefit.
The proposal to amend the "Air Pollution Prevention and Control Law" in the opposition caused many calls from the business community to maintain the status quo of the mechanism. Wu Dongliang admitted that the bill is a major issue for all industries. If the central and local standards are inconsistent, it will cause troubles in business operations and investment judgments. He called on the government to fully communicate with the industry during the process of amending the law to avoid affecting investment willingness.
The latest interest rate decision-making meeting of the U.S. Federal Reserve (Fed) came to an end, keeping interest rates unchanged. However, the market still interpreted the meeting as hawkish, and there is still the possibility of raising interest rates. Wu Dongliang said that in the past, the market mostly relied on dot plots to judge the path of interest rates, but Washu personally refused to publish the dot plots, making it more difficult to grasp the direction. The fluctuation range may also be enlarged, and follow-up signals still need to be observed.
Talking about the central bank's second-quarter Board of Supervisors meeting in the afternoon, he believed that the domestic economic situation was stable and "there should be little chance of any changes." However, whether adjustments would still depend on the central bank's ruling.
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