Taiwan Dollar Soars, Potential Job Losses, Zhao Shaokang Proposes Solutions
Veteran media personality Zhao Shaokang has expressed concerns about the impact on Taiwanese exporters due to the soaring New Taiwan Dollar, predicting an increase in unpaid leave and unemployment in the domestic market. He emphasizes the need to promote "buying local" to maintain internal demand.
The New Taiwan Dollar has risen sharply over two trading days, breaking the 30 NT dollars to 1 USD mark today, alarming many export industries. Zhao pointed out on social media that this currency surge could erode profit margins for firms and adversely affect economic growth.
He calls on the government to quickly assist companies in establishing websites to sell their export products, making "buying local" a concrete action to save Taiwan. Additionally, he notes that many countries are responding to trade wars with similar movements to support local products.
