The Banking Executive Magazine - September Issue 2022

Us-China Tension Over Taiwan people feel more closely tied to Tai- wan than to China. Taiwan economic dependence Taiwan’s economy remains reliant on trade with China, which is the is- land’s largest trading partner. How- ever, their economic relationship has experienced disruptions in recent years, partly due to Beijing’s pressure on the island and Taiwanese officials’ growing concern about its overre- liance on trade with China. ISSUE 165 SEPTEMBER 2022 the BANKING EXECUTIVE 39 Figures 3: Infographics of Taiwan importance in the world (Source: Taiwan government data (https://www.taiwan.gov.tw/ )