In response to the visit of the Speaker of the US House of Representatives, Nancy Pelosi, the Chinese authorities blocked the import of fish, citrus and other products from Taiwan.
At the same time, as noted APBeijing has not blocked supplies in technology and manufacturing.
The parties do not have official relations, except for multibillion-dollar business ties. This especially applies to the export of Taiwanese-made processor chips needed by Chinese factories to assemble smartphones and other electronics.
Two-way trade rose 26 percent to $328.3 billion last year. Taiwan, which makes half the world’s processors and has technology China can’t match, said sales to Chinese factories rose 24.4 percent to $104.3 billion.
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“The global economy cannot function without chips made in either Taiwan or ChinaCarl B. Weinberg of High-Frequency Economics said in the report.
The Chinese customs website says the import status of the goods has been changed to “suspended”.
Fruit, fish and other foodstuffs make up a small portion of Taiwan’s exports to China, but the ban hurts regions seen as supporters of Taiwanese President Tsai Ing-wen.
It will be recalled that Pelosi flew to Taipei in the evening of August 2. China’s Ministry of Foreign Affairs strongly protested her visit, saying it seriously violates the one-China principle and the provisions of the Sino-American communiqués.
Chinese President Xi Jinping called Pelosi’s visit “another American provocation.”
On August 3, Nancy Pelosi ended her short visit to Taiwan, which caused threats from the Chinese authorities. Pelosi’s plane took off from Taipei Airport.