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More US firms in Taiwan say they're seeing 'significant disruption' due to rising tension with China | CNN Business

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The number of companies in Taiwan saying they’re experiencing business disruptions due to rising tensions between Taipei and Beijing has almost doubled, according to the American Chamber of Commerce in Taiwan

. An annual survey, which polled 214 member firms in Taiwan, showed that the number of companies reporting “significant disruption” rose from 17% to 33% between August and December 2022, the chamber said Tuesday. Last August, then-US House Speaker Nancy Pelosi visited Taipei, and China stepped up military drills in response. China’s ruling Communist Party has increasingly exerted its territorial claims over democratic Taiwan, a self-governing island, despite having never controlled it.

Just last month, China sent 28 warplanes across the median line of the Taiwan Strait, as Beijing conducted its first large-scale military exercises around the island this year, according to Taiwan’s Defense Ministry. “For companies in Taiwan, cross-strait relations are very important,” Kristie Hsu, a director at Taiwan’s Chung-Hua Institution of Economic Research, told CNN. She added that concerns include possible supply chain disruptions or unilateral measures that could undermine trade.

 

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