Browsing: China Taiwan relations

A major conflict in the Taiwan Strait could inflict losses of up to US$10 trillion on the global economy—roughly 10% of global GDP. The scale of such a shock could surpass the total economic cost of the three years of the COVID-19 pandemic.

Beijing’s growing power has made it impossible for any Taiwanese politician to ignore cross-strait relations. Whether they like it or not, every party, every candidate, must factor China into their strategy. In this sense, Beijing’s mere presence — not its actions — already shapes Taiwan’s political landscape.