Vladimir Putin’s invasion of Ukraine has roiled energy markets and food supply chains, sending economic shockwaves around the world. This prompts an important question: What would happen to the world economy if China invaded Taiwan? Clearly, the economic impact would be much more devastating and profound than that of the Ukraine war, given the fact that Taiwan and China are both far more integrated into the global economy. Even without direct military intervention from the United States, a Taiwan-China war would devastate the global economy like a weapon of mass destruction.
Kinmen, Jan. 7 (CNA) A ferry departed Saturday morning from Kinmen County for the Chinese city of Xiamen, returning later the same day with a group of Taiwan nationals and their families, marking the limited reopening of ferry services between the two countries after nearly three years.
Taipei, Dec. 22 (CNA) Ferry links between China and Taipei-controlled Kinmen and Matsu will be partially re-opened to residents of the two outlying counties and their Chinese spouses during the Lunar New Year holidays, Taiwan's government announced Thursday.
In recent years, China has attempted to prevent Taiwan from developing ambitions for independence by enforcing economic embargoes. But Taiwan has grown its manufacturing strength and economic resilience while China has failed to advance its semiconductor industry. It is becoming increasingly clear that Beijing’s ability to wield an economic club over Taiwan has significantly weakened.