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Analysts said the move is expected to facilitate the development of autonomous driving in the country, which is already the world's largest car market and is determined to become a global automotive power in terms of smart cars.

An said it's important to provide equal treatment and opportunities for Taiwan compatriots as mainland residents have, solving the practical problems that have troubled them for years.

Analysts expect the country's consumption to be shaped by a booming middle-income group, fast urbanization and technology advances, among other trends, in the coming years.

Analysts said the country's manufacturing sector is set to continue recovering in the coming months as the epidemic situation gradually stabilizes domestically, the supportive macro policy continues, and more overseas economies resume business activity.

Analysts surveyed in advance expected earnings of .85 per share on .83 billion in revenue.