Conflict with China: export economy warns of escalation of the Taiwan conflict

The German export industry views the escalation of the Taiwan conflict with concern.

Conflict with China: export economy warns of escalation of the Taiwan conflict

The German export industry views the escalation of the Taiwan conflict with concern. "Taiwan is an important part of many sectors of the world economy thanks to its electronics and semiconductor industry," said BGA President Dirk Jandura of the "Rheinische Post". A further intensification of the conflict between the USA and China would have far-reaching consequences.

"In our high-tech world, a component from Taiwan is installed in almost every electronic product. This ranges from laptops, smartphones, cars, washing machines to simple lamps," said the head of the Federal Association of Wholesale, Foreign Trade and Services (BGA).

"In view of the current geopolitical instabilities, we think it would be more expedient not to provoke," said Jandura. "The last thing we need is a further escalation of the conflict and deterioration in economic relations between two of our still most important trading partners: the USA and China," emphasized the association's president.

In response to the visit of US House Speaker Nancy Pelosi to Taiwan, China plans to hold target practice maneuvers around the island until Sunday. Six restricted areas were designated for this purpose. Taiwan fears a sea and air blockade. Pelosi arrived in the democratically governed island republic on Tuesday as the highest-ranking visitor from the United States in a quarter of a century. In the meantime she has left again. Beijing sees Taiwan as part of the People's Republic and sees Pelosi's visit as a provocation.

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