The officials said the government has set a long-term aim of boosting the per capita GDP at US$20,000 for 2009.
But they conceded that it would be a tough challenge to lift the figure to the level of US$18,000 next year.
For industrial development, the government will spur for more vigorous expansion of the emerging new industries in Taiwan, including utilizing the advantage in the field of ICT and accelerating the progress of the WiMAX-related industries to build the island into a major center for the research and development of digital household appliances.
More resources will also injected for the faster development of the key industries like semiconductors and to assist the small and medium enterprises to establish their own brand names for international marketing.
For the service sector, focus will be placed on the segments of telecommunications services, tourism, medical service, retailing, and automating service operations.
The relevant regulations and supervising operations will also be revamped and streamlined.
In order to attract more international tourists to Taiwan, strategies will be adopted to simplify the entry visa processing, enhance tourism promotion and the island's image, and provide top-notch quality in travel services, said the officials.
Council members also noted that the business conditions for October remained healthy despite the surging oil prices and the signs of economic slowdown in the U.S. dampened by the housing industry slump and repercussions from the subprime mortgage loan defaults.
Both industrial output and trade surplus had continued expanding for the month of October while the price hikes had gradually stabilized in November, they said.