long depended on America for defence and China for growth. That worked when the two superpowers broadly co-operated. Taiwan flourished in an age of globalisation, building both a strong economy and its own security on hopes that free trade would prevent conflict. But in the process it became dependent on trade with its greatest threat. Now China is using its economic clout to isolate Taiwan.
Taiwanese investment in China has dropped partly because of political risk and covid-19. But it is also because manufacturing is moving to South-East Asia in pursuit of lower labour costs. That reflects regionalisation of supply chains, not wholesale exit from China. Yet Taiwan faces a unique obstacle to further regional integration: China wants to exclude it, and has the clout to pressure its neighbours. Taiwan has but a handful of free-trade agreements.
Taiwan’s government has launched campaigns asking friendly countries like Japan to import more Taiwanese farm products whenever China imposes a new ban. They say this has increased Taiwan’s trade diversification. Yet the bans still have a political impact, and they affect Taiwanese livelihoods.“We want the world to recognise that our policy is actually to maintain the status quo,” says Mr Chen. China is trying to shrink Taiwan’s economic space, he says.
Interesting fact, Taiwan’s president Tsai kept saying that Taiwan should divert its rely on mailand China, but after decade, its rely is more and more heavy.
You need not pontificate about China or Taiwan
Wouldn't that be the last nail in their coffin? The last thing to go before war is economic ties
Yes, let Taiwan distance itself from China’s economy! 🙄 That’s a beautiful way of not getting invaded by China!
EU depends on China US depends on China
WOW. For the very first time the Mainland and Taiwan have seen eye to eye on something. Ditch those Taiwan-favoring policies ASAP, which have long resulted in massive amount of money earned from the Mainland spent at scheming against the Mainland.
Taiwan should explore the western market and deal with the competition with China. The hot money will not invest in China since China will launch the war during with Japan, South Korea and Taiwan. This is the good opportunity.
'Britain's economy is strong, but it needs to reduce its dependence on EU' How did that go folks?
« It’s time for Mexico to stop its dependence on the US »
It's time to reunify Taiwan with mainland China,not something else.
Lmao,the U.S doesn't accept Taiwan agricultural product export to the U.S🤣🤣🤣
The droolomist might just as well agree that Catalonia needs to reduce its dependence on the rest of Spain. Scotland needs to reduce its dependence on England. California needs to reduce its dependence on the rest of the States.
Taiwan is China
This was literally what Macron said, that Europe needs to reduce its dependence on America. The Economist and other media went ballistic. But here they are calling for 'a part of China' to reduce its dependence on China.
Well well well the most ridiculous statement ever.. How can Hawaii not depend on the US when its a US state. You really insulting the intelligence of your readers...
Yes. And get stuff from the US which is 1000s miles away. Will be great for shipping companies and destroy the environment.
What else can it do Strategically involved with India?
6 reasons why China is the biggest threat to U.S __________ The worst mass rape in Chinese history with pics
You didn't like it when Macron said that to the US.🙄
Hell, so does America...
👍👍👍👍👍👍👏👏👏👏👏
FYI: Significant military activity is underway in the Pacific. As of Monday, militaries & navies from the US, Taiwan, Japan, South Korea, Philippines, Australia, China, Russia, & North Korea were actively operating in the region. Live thread tracking all major developments:
No shit!
Taiwan is sleep walking into a disaster. If it doesn't do more to help itself and break its economic dependence on China it shouldn't expect others to help it out.
Taiwan is China. That's an anachronism for Taiwan to decouple from China. Scotland should decouple its economy from England.
Taiwan belongs to China
Taiwan is decoupling from China albeit slowly
自由、民主、人權、法治的中華民國統一大陸地區，將促進中華民族再次強大！ 願我敬畏的佛祖、真主、上帝保佑中華民國！ 中華民國萬歲！
Operation: Intermission Wells Fargo
That’s an understatement
why doesn’t the US do it first lol
US seeks to repeat its successful operation in Europe: forcing countries to ditch the largest existing supplier and switch to much more expensive US exports. It's amazing what you can achieve with military bases and a monopoly on media.
LMAO. What drugs are you on? 👏
Strong but Taiwan needs to reduce their dependence on China
good idea. just do it.🤣 Why did not the US do this?
'Needs' lol
When the west (e.g., Apple) is not dependent on China, Taiwan will naturally not dependent on China.
Everyone needs to reduce their dependence on China
So Taiwan is trying to break away from China completely?
Definitely don’t just leave them alone and let them decide for themselves.
Wow, groundbreaking journalism.
America’s economy is strong, but it needs to reduce its dependence on China
So do the USA and EU.
So Taiwan's economy is strong because of China?
It does hurt CCP face.
As usual, the Propagandist.
You can move the island from the west to east of the Pacific?
🇨🇳🇨🇳is a sore loser!!!
let taiwan decide thrur faye
y
Thank god that only about 12 people read The Economist. If they actually had any clout I might be worried about them aggressively pushing us towards WW3.
make Taiwan broke and fight to its last person!
..that is a bad idea....the West can never replace China in any context with Taiwan. The West should be seeking peaceful resolutions for these two countries not fanning the embers of war...
What's the use of being on Twitter if I can't read your article......
They have a good relationship growing with India.
Quite late
Yay let's crash the Taiwanese economy
Taiwan is integral part of China by UN chapter ans recognized by all major Countries across the world including US Britain..... and also committed by the Constitution of ROC (Taiwan) itself.
Mainland China is never ever a threat to Taiwan but a biggest support for its economy and safety.
How would that be possible? TAIWAN businesses depends on Chinese mainland and China doesn't need Taiwan so badly. Indeed is the policy to make them confront what is used to sell that narrative. China doesn't need a war at least it's provoked by third party.
That means quit Chinese market? Ooh, yeah... Everything is possible but without losing HUGE PROFITS! WE NEED BETTER FAIRY TALES!
is it a planned&controlled reason to fight, Who knows..