Trade under the dpp could mean for trade with china. Trade with china. That is an interesting trade with china. That is an interesting dynamic trade with china. That is an interesting dynamic to trade with china. That is an interesting dynamic to look trade with china. That is an i interesting dynamic to look at because four are strained as the relations are under the dpp, economics is still intertwined. China is taiwans most important export market, Cross Strait economics in terms of Supply Chain and investments, they are tight and thatis investments, they are tight and that is persisted despite the fact that the dpp has been in government since 2016. We have seen moves to try and diversify taiwans trade away from china towards Southeast Asia and western economies but in reality these moves have been difficult to implement. China isjust an incredibly difficult to implement. China is just an incredibly important centre of gravity for the region and that is true for taiwan and as we loo
Create. Before we go, a reminder create. Before we go, a reminder of create. Before we go, a reminder of our create. Before we go, a reminder of our top create. Before we go, a I Reminder of our top story. William lai has won the symbolic election in taiwan and you can find plenty more on our website. There are profiles of the candidate as well as Chinas Reaction to the result. That is it for this edition of asia business report. Thank you for watching. Voiceover bbc news, bringing you different stories from across the uk. This agricultural land between Wetherby Road and the River Wharfe could be the site of a new Housing Development in tadcaster. Peter is one of around 300 campaigners against the plan. So this piece of land here covers 35 hectares and gladman developments are proposing to build over 400 houses on it. The Water Levels are gradually seeping up onto this land, which would be a disaster to build on. I think it would | definitely make the Flooding Issue worse because they
Anything about chinas reaction, one of the things we are worried about is what potential retaliation may look like from the economic sphere. We have something called the economic Cooperation Framework Agreement between the two sides and there is potential that china could seek to tweak that agreement. We have seen some economic pressure tactics and form of ending tariff exemptions for chinese product. Taiwanese products. So there are some moves here. We could see some tricks manifest but when we look at and look at the nature of the ties they are in sophisticated taiwanese electrical components and that is Something China is still reliant on in terms of imports. So the situation is complicated and the room to manoeuvre for china in terms of damaging the taiwanese economy, those are relatively constrained. Turning now to the Red Sea where tensions continue to escalate. The us and uk Led Strikes on mainland yemen last week
Thinking about chinas reaction, one of the things we are worried about is what potential retaliation may look like from the economic sphere. We have something called the economic Cooperation Framework Agreement between the two sides and there is potential that china could seek to tweak that agreement. We have seen some economic pressure tactics in the form of ending tariff exemptions for taiwanese products. So there are some moves here. We could see some tricks manifest but when we look at and look at the nature of the ties they are in sophisticated taiwanese electrical components and that is Something China is still reliant on in terms of imports. So the situation is complicated and the room to manoeuvre for china in terms of damaging the taiwanese economy, those are relatively constrained. Turning now to the Red Sea where tensions continue to escalate. The us and uk Led Strikes on mainland yemen last week against the houthi movement after the armed group launched several attacks agai