Will China Bullying Hurt Taiwan’s Economy?

Although relations across the Taiwan Strait are entering a new ice age, cooperation at a working level is likely to continue, with Beijing not wanting to alienate the taishang, the hundreds of thousands Taiwanese doing business with or in China. Nonetheless, pressure on Taiwan isn’t going away, and both sides must play a careful game to avoid real calamity. China has been gnashing its figurative teeth since May 20, when Taiwan’s new president, in her inauguration speech, refused to acknowledge the “92 Consensus,” a cryptic version of the “One China” principle.

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