Talk of the Day -- Cabinet members in economics, finance to stay on
Central News Agency
2014-02-04 06:02 PM
There has been a widely circulated rumor over the last several weeks that there will be a Cabinet reshuffle of President Ma Ying-jeou's administration after the Jan. 30-Feb. 4 Lunar New Year holiday. With the commencement of the Year of the Horse, however, one thing is almost certain: All of the Cabinet members responsible for economic and financial affairs will likely stay on due to Ma's vow in his New Year national address to boost the country's economy. The following are excerpts of local newspaper reports on the issue: United Evening News: Under the "boost-the-economy" policy, it is almost certain that all the Cabinet members in charge of financial and economic affairs will remain in office, sources familiar with the matter said. This is different from earlier rumors that if the Cabinet led by Premier Jiang Yi-huah undergoes a reshuffle after the Lunar New Year holiday, the adjustment will take place among the members in charge of financial and economic affairs. Economics Minster Chang Chia-juch, who tendered his resignation in mid-January, has decided to withdraw his resignation upon Ma's request. According to sources in the Cabinet and the Presidential Office, although Chang has been blaming himself for failing to pump up the waning economic growth in 2013, the minister won applause from Ma and Jiang in handling the controversial Fourth Nuclear Power Plant project and the thorny issue of raising electricity rates. Chang was also praised for his achievement in pushing for the signing of economic cooperation agreements with Singapore and New Zealand. As Ma declared in his 2014 New Year speech that "boosting the economy" will be his only goal this year, the government is expected to take confident steps to carry out its planned reforms to the country's economic structure, which it is believed will play a key role in economic development. In that regard, it is unlikely that Tseng Ming-chung, head of the Financial Supervisory Commission, and Minister of Finance Chang Sheng-ford will be removed from their positions at present. (Feb. 4, 2014) China Times: Economics Minister Chang Chia-juch is said to have decided to stay on after tendering his resignation amid calls for his step-down from people dissatisfied with his performance on various controversial issues, including the construction of the Fourth Nuclear Power Plant, the signing of the cross-Taiwan Strait trade-in-services agreement and the policy of raising electricity rates. Holding a different opinion of Chang's performances from those of the public, however, both Ma and Jiang see Chang as a person with a strong work ethic. As a result, they persuaded him to stay in the post so that he can continue to help push for the implementation of their economic policies. Not just Chang, but all other Cabinet officials in charge of financial and economic affairs, including Central Bank Governor Perng Fai-nan, will be kept in office under the Ma administration's policy, which places stabilization and economic development as top priorities. (Feb. 4, 2014) (By Elizabeth Hsu)
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