Special report | The economy
It is time to divert Taiwan’s trade and investment from China
Taiwan’s economy is strong, but it needs to reduce its dependence on China
Taiwan has long depended on America for defence and China for growth. That worked when the two superpowers broadly co-operated. Taiwan flourished in an age of globalisation, building both a strong economy and its own security on hopes that free trade would prevent conflict. But in the process it became dependent on trade with its greatest threat. Now China is using its economic clout to isolate Taiwan.
This article appeared in the Special report section of the print edition under the headline “Enemy at the gates”