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

. 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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