The storm of “American Democracy” is at play again! This time it hits the shores of China’s Breakaway province of Taiwan. Nancy Pelosi, the US House Speaker in total disregard to China’s solemn representations and staunch opposition, went ahead with her visit to China’s Taiwan region.
The article by Dr. Moaaz Awan Ms. Liu Chang mentions that the move has gravely violated the one-China principle and the stipulations of the three China-U.S. joint communiqués, and gravely impacted the political foundation of China-U.S. relations.
The visit apparently seems like an American Triumph, but one must remember that the Chinese are a 5000-year-old civilization.
Looking back to the start of the US-China trade war, the initial set of tariffs levied by the US were supposed to have a devastating effect on China.
Though the Trade row has not yet ended but the figures speak clearly. The US side to be the clear loser. American consumers and covid patients all suffered due to either unavailability or the increased prices of imports from China. Cross-Strait Relations: Improving the Cross Strait relations has been at the center of China’s foreign policy for years now. China, over the years has made sincere and genuine efforts to maintain peace and tranquility in the straits.
Following the 1992 consensus, on “One China Principle”, the cross-strait relations have made outstanding strides. Since 1992, the economic and trade exchanges between the two sides of the strait have developed rapidly, and the trade volume has increased from 7.41 billion US dollars in 1992 to 328.34 billion US dollars in 2021.
Mainland China is the largest export market and the largest source of trade surplus, which is supporting the stable development of Taiwan’s economy. In 2010, the two sides signed the “Cross-Strait Economic Cooperation Framework Agreement” (ECFA), and reduced taxes on as many as 557 products from Taiwan.
Over the past ten years, the ECFA has resulted in reduced taxes by more than US$7 billion for Taiwanese industrial and commercial enterprises exporting products to the mainland, which has greatly increased the interests and well-being of the Taiwanese people.—APP