Taiwan’s global hub on edge as local economy feels China’s military drills

Taiwan sits between the East and South China seas, central to the global economy despite its small size. At Keelung fishing harbour, crews face uncertainty as Chinese military drills threaten local waters.

Many workers, including migrants from China, value Taiwan’s better jobs and stability but worry about rising tensions. Keelung port is a vital hub for trade, security, and the global supply chain, handling cargo, cruise liners, and coastguard patrols.Taiwan produces most of the world’s smartphone and computer chips, making any conflict potentially devastating for the global economy.

Local markets and small businesses, from fishmongers to bubble tea vendors, already feel the impact of political pressures. A takeover of Taiwan would reshape borders, society, and its global economic influence. —Jan 7, 2025

Main image: TT Asia

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