Beijing announced trade measures against the island and also imposed sanctions against Taiwanese funds.
China restricted trade with Taiwan and also imposed sanctions on two Taiwanese funds amid US House Speaker Nancy Pelosi’s visit to the island. This was reported on August 3 by Aljazeera.
Beijing has suspended exports of sand to the island, a key material used in construction, and has also banned imports of Taiwanese citrus fruits and some types of fish.
China’s General Administration of Customs said food imports had been halted due to the presence of pesticides and the coronavirus in some shipments, while the Ministry of Commerce explained the suspension of sand shipments under unspecified legal grounds. that provision.
In addition, the PRC’s Taiwan Affairs Office separately announced the imposition of measures against Taiwan Foundation for Democracy and Fund for International Cooperation and Development.
By the decision of the Chinese government, these funds are prohibited from cooperating with organizations, businesses and individuals in mainland China.
Beijing is likely to announce other economic sanctions, analysts say, but they are unlikely to be effective unless they target Taiwan’s main product, semiconductors.
The sanctions announcements came during Pelosi’s visit to the island, which Beijing considers its own territory. Earlier, China threatened “serious consequences” if an American politician came to Taiwan.
Chinese and US leaders comment on Pelosi’s Taiwan trip
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Source: korrespondent
I am David Wyatt, a professional writer and journalist for Buna Times. I specialize in the world section of news coverage, where I bring to light stories and issues that affect us globally. As a graduate of Journalism, I have always had the passion to spread knowledge through writing.