Posted on 08/06/2022 4:36:35 AM PDT by FarCenter
...
Overall, China is Taiwan's most important trading partner, followed by the United States. More than 42% of Taiwan's exports go to China, from where Taiwan gets around 22% of its imports. In 2020, goods and services worth $166 billion were exchanged between the two countries.
Taiwan is also among the top investors on the mainland. According to the government in Taipei, between 1991 and the end of May 2021, Taiwanese companies invested around $194 billion in a total of 44,577 Chinese projects. Chipmaker Foxconn's factories are one of the best known examples. The contract manufacturer makes iPhones for Apple, Galaxy smartphones for Samsung and game consoles for Sony in plants throughout China.
And the fact that semiconductors and other IT technology account for more than half of all Taiwan's exports shows how important the country is to the rest of the world, including China.
Put simply: China supplies key raw materials such as rare earths and low-end mass-produced electronic components, while Taiwan exports high-end semiconductors and optical components to the mainland to make up for China's lack of know-how.
China's central goal is to achieve the ability to produce high-end chips. Party leaders have repeatedly emphasized this in programs such as "Made in China 2025." So far, however, they have not been able to catch up.
(Excerpt) Read more at dw.com ...
Hence Taiwan becomes less secure.
Snickers just apologized to china for an ad.
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DW, didn’t you hear? Taiwan (Really the Republic of China) is not a Country, according to countries with their tail between their legs.
about 10-15% of Taiwan’s citizens live in Mainland China - doing business, going to school, retired, etc....
Taiwan, or to give it it’s real name, the Republic of China, is important to the People’s Republic of China not for its economy.
The RoC is important as it is, in both the RoC and PRC eyes, part of the One China.
Chinese Army extends live-fire drills to other maritime areas
Beijing, Aug 6 (Prensa Latina) China announced today that the People’s Liberation Army (PLA) will launch another round of live-fire maneuvers in the Yellow Sea and for several days, as part of the current drills around Taiwan.
August 6, 2022
CDT08:27 (GMT) -0400
Published by: Martin Hacthoun
According to a brief statement from the Maritime Safety Administration, the drills will run from this Saturday until the 15th in the southern part of the area, always between 08:00 and 18:00 local time.
The military command issued an alert for navigation and closed the passage to vessels not participating in the maneuvers.
With these new operations, the PLA is extending those initiated last Tuesday in rejection of the visit to Taiwan of the Speaker of the US House of Representatives, Nancy Pelosi.
The Army intensified its response on Thursday with a series of maneuvers that will conclude tomorrow around the island and is considered unprecedented because it takes place in the middle line of the Taiwan Strait, that is, closer to that territory.
The deployment includes real combat practice with conventional missiles, fighters, aircraft carriers and other heavy artillery equipment, and at the same time all units are on high alert for any possible emergency.
According to the Global Times, the drills will become more common off the coast of Taiwan and constitute a “rehearsal of the reunification operations” of the island to mainland China because the congresswoman changed the status quo in the area.
Zhang Junshe, an expert from the Army’s naval academy, said the high level, strategy and influence of the current maneuvers are evidence that the process to reintegrate the island once and for all has been accelerated.
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