China puts increased economic pressure on Taiwan

Synopsis

President Xi Jinping vows to reunify mainland China with self-ruled Taiwan, marking the 110th anniversary of China's 1911 revolution. He expresses a desire to return Taiwan to Chinese rule through peaceful means. In response, President Tsai Ing-wen asserts that Taiwan will not succumb to pressure from Beijing. China intensifies economic strain on Taiwan by increasing export controls, impacting Taiwan's economy significantly. As Taiwan's largest trading partner, China's actions draw Taiwan into a U.S.-led campaign aimed at excluding China from global industrial and supply chains. The U.S. and Japan support companies in withdrawing from China, while Taiwan implements laws to counter Beijing's economic influence. Taiwan focuses on strategic industries like 5G and semiconductors, collaborating with the EU and U.S. companies to expand opportunities. TSMC partners with Japanese firms to build a wafer fab in Japan, while Fastcon relocates some production from mainland China to Vietnam, highlighting Taiwan's efforts to diversify its production locations amid rising tensions.