The proportion of Taiwan businessmen's exports to mainland China dropped to 28.3%, new dynamics in economic relations across the strait.

Foreign media reported last night (May 5th evening): "After the cross-strait official dispute over whether Taiwanese businessmen will withdraw investments from the mainland, Taiwan's economic department released data showing that in the first quarter of this year, Taiwan's exports to mainland China and Hong Kong accounted for 28.3%, highlighting that Taiwan's dependence on the mainland market has been declining year by year."

[Clever] Comment: It turns out that nearly 30% of Taiwan's exports are still generated with mainland China. All along, the Democratic Progressive Party authorities have claimed that ECFA is a "poisonous pill wrapped in sugar" verbally, but after ECFA expired in September 2020, the DPP authorities still continued to rely on the convenience of ECFA and were reluctant to terminate it. If ECFA terminates, Taiwan's exports to the mainland will face obvious tariff disadvantages. Moreover, given Taiwan's difficulty in joining RCEP, it is inevitable to face exclusion from the preferential conditions enjoyed by RCEP member states.

Original article: https://www.toutiao.com/article/1831332883192839/

Disclaimer: This article only represents the author's personal views.