Beijing time:2022-08-12 11:26
[NTDTV, amser Beijing, Awst 12, 2022]The Speaker of the US Household of Associates, Nancy Pelosi, frequented Taiwan, and the CCP took financial revenge against Taiwan a single following a different. On the other hand, US media described that the goods involved did not involve chips and other technological innovation merchandise, and the full accounted for only .04% of cross-strait transactions. Professionals say the CCP is fearful about a shed-get rid of problem.
On August 10, CNBC documented that, right before and just after Pelosi’s check out to Taiwan, Beijing authorities experienced imposed so-known as “trade sanctions” on Taiwan, which includes a ban on the import of Taiwanese citrus fruits, chilly white haired fish, horse mackerel experienced ‘to freeze, biscuits, candies and other food items The export of purely natural sand to Taiwan has also been suspended. But these goods account for only about .04% of whole cross-strait transactions.
Final year, Taiwan’s exports to the mainland totaled $113 billion, and imports totaled about $82 billion, not counting re-exports or re-imports, in accordance to the Business of Intercontinental Trade, Taiwan’s Ministry of Economic Affairs. Most of the merchandise traded throughout the Taiwan Strait are electrical, electronic and technological factors, which have not entered the CCP’s “sanctions list”.
Though China is Taiwan’s most significant purchaser of citrus fruit, Taiwan’s citrus fruit exports to the mainland had been only about $10 million final yr, trade data showed.
In addition, Taiwan’s exports of bread, pastries, cakes and biscuits to the mainland were about US$50 million final calendar year exports of horse mackerel and white haired fish all over US$3 million.
As for natural sand, the mainland’s full exports to Taiwan last year ended up only about US$3.5 million, far much less than Australia and Vietnam, Taiwan’s main suppliers of pure sand. Taiwan imported about $64 million well worth of normal sand from the two nations around the world last calendar year, accounting for 70 p.c of Taiwan’s complete buys.
In the past, the CCP has also banned the import of Taiwanese agricultural products and solutions a lot of times, but none of them concerned superior-tech merchandise such as chips. The mainland’s dependence on Taiwanese chips is really substantial.
Jeremy Mark, a senior researcher at The Atlantic Council, a Washington feel tank, claimed in an posting on the 11th that Beijing’s economic actions towards Taiwan surface not to have largely disrupted cross-strait trade.
The write-up said that whilst Taiwan’s financial state is growing steadily, pushed by the world’s top semiconductor business, the Chinese financial system is in a tricky scenario, and Beijing is concerned that if the problem proceeds to escalate , the economies of both equally countries will put up with losses.
In addition to the so-known as “financial sanctions”, immediately after Pelosi’s stop by to Taiwan, the CCP held army routines about Taiwan for a number of times. Public impression has ridiculed the CCP for merely “making up face” after the fact. The US Office of Protection has also publicly stated that the US will not be deceived or purchase into the CCP bluff.
(Comprehensive reporting by reporter Jing Zhongming / liable editor: Lin Qing)
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