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Taiwan Cabinet Plans NTD 500 Billion Fund to Stimulate Economy

The Executive Yuan has planned a fund of NT$500 billion (US$15.87 billion) to stimulate Taiwan's export-oriented economy, which has become sluggish amid a slowdown in global trade. 

Under the funding plan, the government will provide guarantees to larger enterprises that need loans to expand, hoping to strengthen their competitive edge in the global market. 

To be eligible for the loans, manufacturers must have paid-in capital of at least about USD 2.6 million and a workforce of 200, while service companies must have sales of at least about USD 3.25 million a year or a workforce of at least 50 people. 

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