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Politically yes, Taiwan is de facto independent, but economically they are deeply intertwined; although they have their own currency, stock exchange etc., a lot
by kyllo 6y ago
Politically yes, Taiwan is de facto independent, but economically they are deeply intertwined; although they have their own currency, stock exchange etc., a lot of major companies operating in China are under Taiwanese ownership (Foxconn and Pegatron for example) and the commerce between China and Taiwan is significant; China is Taiwan's largest trading partner at 30% of Taiwan's total trade.
- crimsonalucard 6y agoEvery country on earth is deeply intertwined with China from an economic perspective. Especially the US.
- kyllo 6y agoBy contrast, China is the US' third largest trading partner (after Canada and Mexico) at 10% of US trade. Taiwan is much more intertwined with China economically. Which makes sense given the geographic proximity and linguistic and cultural ties.