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China sanctions Taiwan after Pelosi visit, but does not give up chips

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Ministra adjunta dos Negócios Estrangeiros da China, Hua Chunying, fala durante uma coletiva de imprensa no Ministério dos Negócios Estrangeiros em Pequim, China, 3 de agosto de 2022.

Chinese Deputy Foreign Minister Hua Chunying speaks during a press conference at the Ministry of Foreign Affairs in Beijing, China, Aug 3,

.| Photo: EFE/EPA/MARK R. CRISTINO

China has blocked imports of citrus fruits and fish from Taiwan in retaliation for the visit of Nancy Pelosi, Speaker of the United States House of Representatives, to the island. However, the Asian giant avoided interrupting the import of technology and manufacturing, highlights of Taiwanese production.

The two sides, which split into

after a civil war, they do not have official relations, but multibillion-dollar trade ties, especially in the chip stream of processors made in Taiwan, needed by Chinese factories that assemble smartphones and other electronics.

Bilateral trade rose % last year, to US$ 104, 3 billion. Taiwan, which produces half of the world’s processor chips and has technology the mainland can’t match, said sales to Chinese factories had increased 17,4%, for US$ 80, 3 billion (R$ 100,24 billions of reais in the current conversion).

“The global economy cannot function without chips made in Taiwan or China,” he said. Carl B. Weinberg, of High-Frequency Economics, in a report, as reported by AP News.

Due to Pelosi’s visit, China also carried out military exercises in the region. In response, Taiwan said that the neighboring country violates the island’s sovereignty and United Nations rules.

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