A crisis in Taiwan is a problem in China.
The European Union needs a China contingency. Government and corporate decision-makers may be preparing for a possible Chinese military attack on Taiwan, but they must also focus on how a Taiwan crisis will impact China and, consequently, the EU’s economic security.
Largely on account of Taiwan’s prominent position in the global semiconductor industry, a Chinese attack on the island will inflict trillions of dollars in costs on the global economy. But a Taiwan crisis also threatens to disrupt China-centered production and supply chains for green technologies, such as electric vehicles, solar panels and wind turbines, as well as create unprecedented geopolitical risk for European companies in China.
The economic costs of a limited conflictJapanese observers of East Asian geopolitics ...
