MICHELLE HAN, CNN ANCHOR: Taiwan's Central Bank today announced a 3.94 billion U.S. dollar first-quarter current account surplus, beating market expectations. Meanwhile the Tai-Ex closed down almost 3 percent, amid a smaller-than-expected rise in the Morgan Stanley Capital International Index. And the Taiwan dollar sank to a 31-month low against the U.S. dollar. Well, joining me to talk about the future of the country's economy is K.C. Lee, vice-chairman of the Council for Economic Planning and Development. Mr. Lee, thank you for joining me today. Well, Taiwan's economy appears to be faltering. What do you think of the greatest problems ahead.</s>K.C. LEE, TAIWAN ECON. PLANNING & DEVELOPMENT COUNCIL: Well, currently, it's not so bright. It's horrible. We have already -- The government has already taken some policy, tried it to stick it domestic increase and that --</s>HAN: Mr. Lee, Taiwan has been known as Asia's Silicon Valley. what will the government be doing to promote Taiwan's tech abilities and sustain that investments.</s>LEE: Well as you know, this is our policy, and now the whole industrial part already full, so we need some additional say industry to construct our</s>HAN: Mr. Lee, what do you think will be the impact of President Chens' stopover in the U.S.?</s>LEE: The stopover. Just stopover. We don't know what he is going to talk with the United States and maybe talk with some congressmen. I have no idea about it.</s>HAN: Do you think it will hurt or improve economic relations?</s>LEE: This is good relations to us, encouraging.</s>HAN: Mr. Lee, thanks very much for joining us. END TO ORDER VIDEOTAPES AND TRANSCRIPTS OF CNN INTERNATIONAL PROGRAMMING, PLEASE CALL 800-CNN-NEWS OR USE THE SECURE ONLINE ORDER FROM LOCATED AT www.fdch.com
Discussion on Future of Taiwan's Economy