Terry Gou proposes three wins for Taiwan, U.S., China economies

Foxconn Chairman Terry Gou (郭台銘) said on April 30 that Taiwan should create a win-win-win situation for the development of the economies in Taiwan, the U.S. and China. (NOWnews)

TAIPEI (CNA) — Foxconn Chairman Terry Gou (郭台銘) said on April 30 that Taiwan should create a win-win-win situation for the development of the economies in Taiwan, the U.S., and China.

His scenario would see Taiwan make profits, the U.S. achieve its economic goals and China successfully transform its economy, he said.

Gou, who is seeking the opposition Kuomintang’s nomination in the 2020 presidential election, made the remarks in a keynote speech at an economic forum organized by a foundation created by former President Ma Ying-jeou (馬英九) under the theme “Making Breakthroughs and Embracing Challenges.”

Gou’s speech comprised issues concerning not only Taiwan’s economy but also a reorganization of the structure of the global economy and the impact of the U.S.-China trade war.

The U.S. and China will soon reach an agreement that will avoid any escalation of a trade war between the two sides, and China will further open its market for trade and investment from around the world, Gou predicted, while suggesting that Taiwan should find a position in the Chinese market.

Taiwan’s economy holds a unique position between the U.S. and China, as it has close economic and trade links with the U.S. and China, Gou said.

Moreover, Taiwan, along with Japan and South Korea, can form a global supply chain based in East Asia, he said.

In addition, Taiwan can play an important role in the technology field between the U.S. and China, based on its edge in the development of its high-tech industry and its success in forming industrial clusters, he said.

Gou said that the main reason for him seeking the KMT’s nomination in the 2020 presidential race is because he wants to do something for Taiwan’s young people.

Noting that there are common problems facing the world’s young people, including low salaries, debt and being unable to apply what you have learned, Gou said that Taiwan’s leader should be well- prepared for the challenges to building a better Taiwan for them.

He said that U.S. President Donald Trump was elected due to the support of the massive middle‐class voters in the Midwest who were depressed due to the decline of traditional U.S. industries and the absence of new industries.

Therefore, Gou said, he wants to help these states develop new industries and invest in traditional industries and hi-tech agriculture, adding that this would provide enormous opportunities for various industries in Taiwan.

Before his speech, when asked whether he will resign as Hon Hai chairman during a scheduled June 21 shareholders meeting, Gou did not give a direct answer, saying only that for the sake of either Hon Hai or the nation, he aims to boost the economy.

Politics is not just a war of words and should serve the economy, Gou said, adding that politicians should descend from their imagined elitism to seek a way out for the future of Taiwan’s economy.

By Chung Jung-feng and Evelyn Kao