The Chinese government has announced extending military exercises around Taiwan, seeing U.S. House Speaker Nancy Pelosi’s visit to the island as a direct assault on China's claims of Taiwan as part of its territory. The Taiwanese government says it will be firm in defending itself as a self-governing democracy. Brands have started distancing themselves from Taiwan, including Apple who has reportedly asked its Taiwan-based suppliers to label their products “Made in China”, anticipating stricter Chinese custom inspections. On social media, you will find both voices for peace and aggression. China’s fresh military drills in the seas and airspace around Taiwan include ballistic missile tests, over 60 aircraft, and 14 warships. How will these exercises impact global trade? Substantial concern is being raised at the potential for conflict in this region, which would disrupt both shipping and air traffic.
The Chinese government has announced extending military exercises around Taiwan, seeing U.S. House Speaker Nancy Pelosi’s visit to the island as a direct assault on China's claims of Taiwan as part of its territory. The Taiwanese government says it will be firm in defending itself as a self-governing democracy. Brands have started distancing themselves from Taiwan, including Apple who has reportedly asked its Taiwan-based suppliers to label their products “Made in China”, anticipating stricter Chinese custom inspections. On social media, you will find both voices for peace and aggression. China’s fresh military drills in the seas and airspace around Taiwan include ballistic missile tests, over 60 aircraft, and 14 warships. How will these exercises impact global trade? Substantial concern is being raised at the potential for conflict in this region, which would disrupt both shipping and air traffic.