China blocks some Taiwan imports but avoids chip disruptions
Source: AP
By JOE McDONALD
BEIJING (AP) China blocked imports of citrus, fish and other foods from Taiwan in retaliation for a visit by a top American lawmaker, Nancy Pelosi, but has avoided disrupting one of the worlds most important technology and manufacturing relationships.
The two sides, which split in 1949 after a civil war, have no official relations but multibillion-dollar business ties, especially in the flow of Taiwanese-made processor chips needed by Chinese factories that assemble the worlds smartphones and other electronics.
They built that business while Beijing threatened for decades to enforce the ruling Communist Partys claim to the island by attacking.
Two-way trade soared 26% last year to $328.3 billion. Taiwan, which produces half the worlds processor chips and has technology the mainland cant match, said sales to Chinese factories rose 24.4% to $104.3 billion.
FILE - Customers buy fruit at a stall in Taipei, Taiwan, Sept. 20, 2021. China has blocked imports of citrus and fish from Taiwan in retaliation for a visit to the self-ruled island by a top American lawmaker but avoided sanctions on Taiwanese processor chips for Chinese assemblers of smartphones and other electronics, a step that would send shockwaves through the global economy. (AP Photo/Chiang Ying-ying, File)
Read more: https://apnews.com/article/taiwan-technology-health-asia-china-4e66d6d2944204a5261b4bfbe0048688
Historic NY
(37,452 posts)Martin68
(22,861 posts)moonshinegnomie
(2,478 posts)IronLionZion
(45,516 posts)China's dependence on Taiwanese processor chips makes it unlikely they will bomb the shit out of them. I hope.
rockfordfile
(8,704 posts)"processor chips needed by Chinese factories that assemble the worlds smartphones and other electronics." Way to many things are made overseas in China.