Asset manager Amundi warned Taiwan could face a possible blockade as tensions with China are expected to rise, but business advisory firm Teneo said a blockade was “highly unlikely.” CNBC
Tag: Economy
Taiwan Export Orders Plunge 16% | RTTNews
(RTTNews) – Taiwan’s export orders declined at the steepest pace in sixteen months after recovering in the previous month, according to data released by the Ministry of Economic Affairs on Monday. RTTNews
China’s rapidly dwindling future | Linette Lopez, Business Insider
The country’s growth has been treated like an inevitability for decades. Everything was getting bigger — its cultural influence, geopolitical ambition, population — and seemed poised to continue until the world was remade in China’s image. Business Insider
Chinese cities are struggling to pay their bills
Analysts estimate China’s outstanding government debts surpassed 123 trillion yuan ($18 trillion) last year, of which nearly $10 trillion is so-called “hidden debt” owed by risky local government financing platforms that are backed by cities or provinces. CNN Business
China demands US stop trade talks with Taiwan
China’s government on Thursday accused Washington of jeopardizing peace after U.S. envoys began trade talks with Taiwan aimed at deepening relations with the self-ruled island democracy claimed by Beijing. AP
Need to implement policies to stabilize economy
Chinese Premier Li Keqiang on Wednesday underlined the need to earnestly implement policies to stabilize the economy and support market entities, employment and people’s livelihoods. english.cctv.com
Communist China becomes a threat of unknown magnitude
PERHAPS more than any other aspect of Communist China, the problem posed by its enormous population growth has begun to cause anxiety and concern to its neighbors in Southeast Asia. The Atlantic
Taiwan is worried about the security of its chip industry
Good thing then that Taiwan has huguo shenshan, or the “magic mountain that protects the nation”. The mountain is not a sophisticated defensive fortification, nor a treaty with a big power. It is instead what Taiwanese call their $147bn semiconductor industry, equivalent to 15% of gdp. It accounts for nearly 40% of its exports and is a pillar of the island’s economy. It is also a guarantor of its security. The Economist
The $147 Billion Mountain between China & Taiwan
The “magic mountain that protects the nation”. The mountain is not a sophisticated defensive fortification, nor a treaty with a big power. It is instead what Taiwanese call their $147bn semiconductor industry, equivalent to 15% of gdp. The Economist
Emergency meeting to revive China’s Covid-hit economy
China’s cabinet held an emergency meeting with more than 100,000 participants on Wednesday, according to state media, as top leaders urged new measures to stabilize an economy battered by the country’s stringent Covid-19 restrictions. CNN Business