China Considers Actions Against Taiwan Over Trade Restrictions
On October 12, China’s Ministry of Commerce announced potential measures against Taiwan due to trade-restrictive practices. An investigation revealed that Taiwan’s restrictions on over 2,000 Chinese products violate fair trade practices. Despite the findings, Taiwan’s Democratic Progressive Party has not lifted these restrictions. In response, Taiwan’s Mainland Affairs Council expressed regret over China’s potential countermeasures, labeling them as “economic oppression.”
Doubts Revealed
China -: China is a large country in East Asia, known for its rich history and being one of the world’s most populous countries. It is a major global economic power.
Taiwan -: Taiwan is an island located off the southeastern coast of China. It has its own government and operates independently, but China considers it a part of its territory.
Trade Restrictions -: Trade restrictions are rules or laws that limit the exchange of goods between countries. They can include tariffs, quotas, or bans on certain products.
Ministry of Commerce -: The Ministry of Commerce is a government department in China responsible for managing trade and economic policies, including international trade relations.
Fair Trade Practices -: Fair trade practices refer to trading policies that are considered just and equitable, ensuring that all parties involved in trade are treated fairly and without discrimination.
Mainland Affairs Council -: The Mainland Affairs Council is a government agency in Taiwan that deals with policies and issues related to China, including trade and political relations.
Economic Oppression -: Economic oppression refers to actions that unfairly limit or harm the economic activities of a country or group, often to exert control or pressure.
Chambers of Commerce -: Chambers of commerce are organizations made up of business owners and companies that work together to promote and protect the interests of businesses in a particular area.
