Paul Chiu

In this Chinese name, the family name is Chiu.

Chiu Chang-hsiung
邱正雄
Official portrait, 2008
28th Vice Premier of the Republic of China
In office 20 May 2008 – 10 September 2009
Prime Minister	Liu Chao-shiuan
Preceded by	Chang Chun-hsiung (acting)
Succeeded by	Eric Chu
21st Minister of Finance
In office 10 June 1996 – 20 May 2000
Prime Minister	Lien Chan Vincent Siew
Deputy	Yen Ching-chang
Preceded by	Lin Chen-kuo
Succeeded by	Shea Jia-dong
Personal details
Born	19 February 1942 (1942-02-19) (age 83) Karenkō Prefecture, Taiwan, Empire of Japan
Nationality	Empire of Japan (1942–1945) Taiwan (1945–present)
Political party	Kuomintang
Education	National Taiwan University (BA) Ohio State University (MA, PhD)

Chiu Chang-hsiung (Chinese: 邱正雄; pinyin: Qiū Zhèngxióng; born 19 February 1942), also known by his English name Paul Chiu, is a Taiwanese economist and politician. He was the first appointed vice premier of Executive Yuan in the presidency of Ma Ying-jeou. Before his vice premiership, he was the minister of Finance, during the previous govern of Kuomintang, from 1996 to 2000.

Early life and education

Chiu was born in Hualien City (then part of Karenkō Prefecture) in 1942 during the Japanese rule of Taiwan. His family soon relocated to Yilan County but moved back to Hualien in 1956. After graduating with honors from National Hualien Senior High School, Chiu studied economics at National Taiwan University and graduated with his bachelor's degree in 1964. He then completed graduate studies in the United States at Ohio State University (OSU), where he won a scholarship provided by the Fulbright Program. As a graduate student at OSU, Chiu worked as a teaching assistant in the economics department from 1968 to 1973.

In 1973, Chiu obtained a Master of Arts (M.A.) in economics from Ohio State University and, while enrolled in the university's doctoral program, became an associate professor at National Taiwan University. From 1975 to 1976, he also worked as an assistant general manager at the Central Bank of the Republic of China. He earned his Ph.D. in the economics from OSU in 1978 with a specialization in monetary theory, banking, and finance. His doctoral dissertation was titled, "A Two-Stage Decision Rule for the Conduct of Monetary Policy," and was completed under economics professor William G. Dewald.

Political career

Finance ministership

Paul Chiu first entered cabinet as minister of Finance in 1996 under the government of Lee Teng-hui. He was replaced following the party alternation in 2000 with the new ruling DPP government.

Vice premiership

Followed by the party alternation again in 2008 with the KMT returned govern. He was appointed as the vice premier in the Liu Chao-shiuan cabinet.

Chiu in 2009, during vice premiership.

Chiu and Premier Liu Chao-shiuan resigned on 10 September 2009 due to the slow disaster response by the government to Typhoon Morakot which struck Taiwan in August 2009. He was replaced by the then-incumbent magistrate of Taoyuan, Eric Chu.