How the China-Taiwan conflict could be devastating for the global economy | Business Beyond
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Published 2023-05-26
Cross-strait tensions have increased dramatically in recent years. The US, Taiwan's key strategic partner, says China wants to be ready to invade by 2027. Chinese President Xi Jinping has not ruled out the use of force.
Taiwan matters hugely to the global economy because of its complete dominance in the production of semiconductors. A Chinese blockade or invasion of Taiwan would shatter that all-important sector and as a result would wreak havoc on the economies of China, Taiwan and the wider world.
In this video, we look in detail at what is the most urgent threat to the global economy - and ask if anything can be done to avert catastrophe.
#china #taiwan #globaleconomy
00:00 Introduction
02:01 Taiwan-China, a brief history
05:25 Connected Economies
06:45 The Silicon Shield
10:08 Blockade, Invasion or Status Quo?
14:47 Shuttering The World’s Factory
17:17 The view from Beijing
19:24 Conclusion
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All Comments (21)
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Please continue to discuss this issue.
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Universal human rights. Power to the people.
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Love Tiwan from china no war no hate❤
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Gentle correction to one of the speakers (12:00). Although Taiwan is Small, with agriculture technology, Taiwan produces large amount of rice and farm produces. If you go to Taiwan, you’re in the market place, you will find majority of fruits, vegetables, and rice are Taiwanese grown. They heavily rely on fuel, but not necessarily ‘a good chunk of their food’.
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For those who lack historical knowledge the essence is (hypothetical) 1. After American civil war the Confederates won and Union government went to Hawaii (hypothetical) 2. Britain (superpower at that time) recognizes the authority of Confederate America but through "strategic ambiguity" protects Hawaii in case of an attack.
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Taiwan is a great example of what the PRC could have been under a democratic government.
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"each of the 15 billions or so transistors will have the size of a .... " can someone fill up the last word, please? i can't udnerstand/identify it at 09:06
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Thank you for spending the time to create and share this content awareness
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Technically PRC is breakaway and not ROC cause PRC never controlled Taiwan but ROC was the sole government of china
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But sanctioning China wouldnt be as easy as sanctioning Russia because China is the worlds biggest manufacturer and exporter of goods. So it would be pretty much impossible for most countries ti sanction China without severly damaging themselves.
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The only thing that can trigger the war is the leader of the Taiwan area announcing Taiwan is independent as a country, but no war otherwise .since the one-China policy is broken. For semiconductors, we are developing and confident in our semiconductor industry—no need to kill people from the same race.
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Whether the market is bullish or bearish doesn't really matter to me. Since I was able to adhere to Andrew Glenn Adams' advice, trading has always been profitable for me. My initial capital has increased significantly. Instead of trying to time the market by going in and out every few weeks, trade a little portion of your portfolio.
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This is terrifying! It means we're finally going to have to learn to get along with each other!!
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A super important report. Thank you for clearly outlining the issues.
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narration job very well done, mr sullivan :)
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I appreciate this honest media.
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"We are the Borg. Lower your shields and surrender your ships. We will add your biological and technological distinctiveness to our own. Your culture will adapt to service us. Resistance is futile."
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Great video!
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It’s not about democracy it’s about Sovereignty
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Imagine the manufacturing aspect of the global economy shuting down
