Taiwan sets up blue-ribbon economic committee
Yu Shyi-kun, secretary-general to President Chen Shui-bian, said a panel with 35 members has been set up to prepare the way for an economic advisory body, after Chen called in May for a task force to tackle the island's troubles.
Taiwan's economic growth slumped to its slowest in 26 years in the first quarter and many economists see little improvement in the second quarter.
Premier Chang Chun-hsiung is to convene the preparatory panel, which will meet for the first time on 9 July to discuss how to set up the advisory body, the presidential office said in a statement.
The panel's members will be drawn from politics, academic institutions, government and business, with Morris Chang, the chairman of Taiwan Semiconductor Manufacturing Co (TSMC) as one of its five co-conveners.
Economics Minister Lin Hsin-i, central bank Governor Perng Fai-nan, Finance Minister Yen Ching-chang, and Robert Tsao, the chairman of United Microelectronics Corp (UMC) , will also be members.
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