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Decoupling the EU and Germany from China in the wake of geopolitical disputes would cost the German economy almost six times as much as Brexit, according to an ifo study commissioned by the Bavarian Industry Association (vbw). De-globalization is making us poorer, says study author Florian Dorn. But there are ways to significantly cushion the losses. Felix Lee spoke with the Ifo economist.
By Felix Lee
Nancy Pelosi did not only receive approval for her Taiwan visit. There was criticism, especially from Asia, but also from other parts of the world. The accusation was that the speaker of the US House of Representatives had shaken geopolitical stability out of self-interest. Partly because nationalism is on the rise in China, Beijing could feel compelled to make amends for letting Pelosi have her way.
By Frank Sieren
Taiwan is paying for Nancy Pelosi's visit with a series of Chinese naval drills near its coasts and with Chinese sanctions against its export sector. Taiwan's representative in Germany, Shieh Jhy-wey, says it was still worth it. For his country, it was a matter of survival. Moreover, the world has seen that Chinese threats are by no means always fulfilled. Marcel Grzanna spoke with Shieh.
By Marcel Grzanna
China's renewed saber-rattling over Taiwan, galvanized by US Speaker of the House Nancy Pelosi's visit to the island, is born of a need to maintain some control over the situation in the Taiwan Strait following steady electoral victories by Taiwan's pro-independence party. But while Chinese military action is unlikely at this juncture, an accidental clash is all too plausible.
By Redaktion Table