China’s economy is showing clear signs of a slowdown that will have an inevitable spillover to the region, according to Taiwan’s top emissary to the US.
“There are some alarming indications and we are impacted,” Hsiao Bi-Khim told Bloomberg News, citing a drop in Taiwan’s exports to China. “Despite all the political and strategic tension, we are interested in prosperity for the people on both sides of the strait.”
“Given the risk of over-dependence on any economy, friendly or not, it is important to ensure that we are less vulnerable,” she said on Friday. “We have been working to diversify our global assets and global presence.”President Joe Biden last month called China a “ticking time bomb,” citing a number of economic problems the Communist Party is facing. “That’s not good because when bad folks have problems, they do bad things,” he said.
Still, “any signs of coercion or military aggression is not good for business,” she said. “That’s our understanding. We certainly hope that that is also the understanding of the leaders in Beijing.”
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
UN envoy urges donor support for battered Syria facing an economic crisisThe United Nations special envoy for Syria Sunday urged donors not to reduce their funding as the war-torn country's economic crisis spirals.
Lire la suite »
Pigrome sees the ball through to give Ottawa the leadDenied three times in the first half, Tyrrell Pigrome punches it in for the Redblacks touchdown and lead once again.
Lire la suite »
IN PHOTOS: Hong Kong grinds to a halt as city sees record rainfallHong Kong was brought to a halt as the metropolis and other parts of southern China were hit with record rainfall Thursday and Friday.
Lire la suite »
Northern Medical Program sees first student to pursue combined MD/PhD programCurtis Leclerc is pursing a seven-year MD/PhD to become a clinician-scientist
Lire la suite »
Near protocol sees a surge in daily active users as…User activity of Near Protocol jumps to its highest level since January, driving up network fees and revenue.
Lire la suite »