New economics minister, economic planning head announced (update)
Central News Agency
2013-02-03 09:12 PM
Taipei, Feb. 3 (CNA) China Airlines Chairman Chang Chia-juch will take over as the new economics minister, while Minister without Portfolio Kuan Chung-ming will take the helm of the Council for Economic Planning and Development, the Cabinet announced Sunday. Chang will succeed Shih Yen-shiang, while Kuan will replace Yiin Chii-ming in the Cabinet reshuffle, according to an official press statement. Having spent years in both the private and public sectors, Chang is believed to be able to contribute his expertise to help map out polices aimed at bolstering the country's economy, the statement said. Chang, who has a doctorate in transportation engineering from U.S.-based Purdue University, has served as deputy minister of the Ministry of Transportation and Communications and as director-general of the Civil Aeronautics Administration. His previous positions also include chairman of the state-run Chunghwa Post Co. and chairman of the state-run China Steel Corp. With his proficient management skills and innovative ideas, Chang was able to carry out successful reforms of China Steel and China Airlines during his leadership of the two companies, the statement said. Kuan, who obtained his doctorate in economics from the University of California, San Diego, is a minister without portfolio who is responsible for promoting investment plans to attract Taiwanese businesses based in China to return home, the statement said. He also chairs an economic task force under the Cabinet that monitors the development of the international economy and maps out response measures. Kuan is expected to continue carrying out the government's existing economic stimulus plans and financial plans to improve Taiwan's economy, the statement said. In the Cabinet reshuffle, Vice Premier Jiang Yi-huah is set to succeed Premier Sean Chen, while Jiang's post is set to be filled by Transportation Minister Mao Chih-kuo, government sources said. Chen is scheduled to lead his Cabinet in an en masse resignation Feb. 7. After President Ma Ying-jeou approves Chen's resignation, he will formally appoint Jiang as the new premier, government sources said. (By Elaine Hou)
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