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China’s attack on Taiwan has hit world trade hard – Reuters

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There have been no signs of an imminent Chinese attack, but since the war began in Ukraine, Taiwan has raised its alert level, Taiwan’s chief trade representative John Deng said.

China’s attack on Taiwan will affect global trade flows more than the war with Ukraine. This will lead to a shortage of semiconductor chips, and the world economy will depend heavily on it. Taiwan’s chief trade representative John Deng told Reuters.

It was noted that there were no signs yet of an imminent Chinese attack, but since the war in Ukraine began, Taiwan’s level of readiness has increased.

John Deng stressed that if the war between the Russian Federation and Ukraine led to the threat of famine, then in the event of China’s attack on Taiwan, the world’s reliance on Taiwanese chips used in electric vehicles and mobile phones will have a severe impact.

“Disruptions in international supply chains, disruptions in the global economic order and the opportunities for growth will be much, much greater than in this war. There will be supply shortages around the world,” the representative said. of trade.

Chinese Defense Minister Wei Fenghe had earlier said that China would “fight to the end” if anyone attempted to “isolate” Taiwan from it.

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Source: korrespondent

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