+91 70111 97831
  • About us
    • Data Analyst Team
    • Magazines Sections
    • Editorial Team
  • Advertise with us!
  • Business review
  • Guest writers
    • Guest Contribution
  • Subscription
  • Career
  • Testimonials
  • Contact Us
Saturday, June 10, 2023
International Magazine
Business Connect  | Best Business magazine In India
Upcoming Event
  • News
  • Magazine
  • Interior Design
  • Press Release
    • PR Enquiry
  • Success Stories
  • Latest Edition
  • Launchpad
  • Blogs
  • Testimonials
No Result
View All Result
  • News
  • Magazine
  • Interior Design
  • Press Release
    • PR Enquiry
  • Success Stories
  • Latest Edition
  • Launchpad
  • Blogs
  • Testimonials
No Result
View All Result
Business Connect  | Best Business magazine In India
No Result
View All Result
  • About us
  • Guest writers
  • Business review
  • Advertise with us!
  • Subscription
  • Privacy
  • Why us
Home Blog

Will China-Taiwan Tensions Following Pelosi’s Visit Have an Impact on India?

admin by admin
April 21, 2023
in Blog
Will China-Taiwan Tensions Following Pelosi's Visit Have an Impact on India?
Share on FacebookShare on Twitter

Will China-Taiwan Tensions Following Pelosi’s Visit Have an Impact on India?

Intro

China has expressed its displeasure over US House Speaker Nancy Pelosi’s solo trip to Taiwan. India is keeping an eye on the situation but has not commented as it does not have formal diplomatic connections with Taiwan but does have commerce and people-to-people links.

US House Speaker Nancy Pelosi opted to visit Taiwan with a straightforward mission: to express her country’s support for the self-ruled nation that shares a sea border with China. Pelosi stated that her visit comes at a time when “the world faces a decision between autocracy and democracy.”

How Do Other Countries See It?

Russia condemned the visit as a provocation, declaring full support for ally China. “What is associated with this tour and a potential visit to Taiwan is pure provocation,” Kremlin spokesman Dmitry Peskov said.

The Pakistan Foreign Office (FO) stated in a statement that Islamabad is very concerned about the evolving situation in the Taiwan Strait, which has “severe repercussions for regional peace and stability.” “Because of the Ukraine conflict, the world is already in a grave security scenario, with destabilising repercussions for worldwide food and energy security. The world cannot afford another crisis that will have a severe impact on global peace, security, and the economy “Pakistan’s Foreign Office stated

Background of the Conflict:

Beijing ruled over Formosa, or Taiwan, until 1895, when it  handed over power to Japan in the first Sino-Japanese war. After Japan lost the Second World War, China’s Nationalist forces, or Kuomintang, led by Chiang Kai Shek, recovered the island in 1945.

However, in 1949, China’s Communist Party, led by Mao Zedong, won control of Beijing and the rest of China in the People’s Revolution, while Chiang Kai Shek’s soldiers fled to Taiwan. For decades, the UN, the US, and other countries continued to recognise the ROC(Republic of China) rather than the PRC(People’s Republic of China), although India and many other countries recognised the PRC and the One China principle.

As US-China ties improved, the UN ousted the ROC and replaced it with the PRC in 1971. Even as the US affirmed the one-China policy in 1979, it passed the Taiwan Relations Act, which meant that the US would continue to help Taiwan defend itself, spending billions of dollars each year and selling weapons to Taipei.

Taiwan began democratisation in 1987 and held a presidential election in 1996, possibly positioning it as a counterweight to the Chinese system and increasing the distance between Taipei and Beijing. In 1954, 1958, and 1996, China and Taiwanese forces engaged in military conflict, dubbed the First, Second, and Third Taiwan Strait Crisis.

Indeed, after 25 years of relative calm, it is apparent that US-China tensions over Taiwan are rising, as is the likelihood of Chinese action to either contain or take control of Taiwan, and US anxieties have intensified since Russia’s invasion of Ukraine. President Xi Jinping has stated that reunification with Taiwan must take place by 2021, yet he has stated that this will take place peacefully.

India’s Stand and Possible Impact:

India, like the US, adheres to the One China policy. Pelosi’s visit to Taiwan, on the other hand, goes against this stance. Following the separation of China and Taiwan in 1949, the One-China policy only recognises China and denies the existence of Taiwan.

RelatedPosts

Beyond the Limits: Unveiling the Top 10 Fastest Cars of 2023

Overview of Strifor broker: what opportunities are there for clients of the service

Speed Kings: The Top 10 Fastest Bikes in India for 2023

Top 10 richest actors in the world 2023, highest-paid actors list

Maximus Group: Charting a Path Towards INR 250 Crore Revenue by 2025

After Chinese Premier Wen Jiabao came to India in 2010, India, too, refused to reaffirm the One China Policy. India was irritated after China issued ‘stapled visas’ instead of regular visas to Jammu and Kashmir people travelling to China. Despite this, and the ongoing tensions along the LAC, India has chosen not to comment on the incident, fearing that any word will exacerbate tensions “according to sources.

Meanwhile, India has maintained constant contact with Taiwan and has prioritised commerce. Following the Galwan skirmishes in 2020, Gourangalal Das (then joint secretary (Americas) in the Ministry of External Affairs) was appointed as India’s ambassador to Taiwan.

Though India does not have formal diplomatic relations with Taiwan, New Delhi maintains a diplomatic office in Taipei called the India Taipei Association (ITA), which is directed by a senior diplomat, and Taiwan maintains the Taipei Economic and Cultural Centre (TECC) in New Delhi. Both were founded in 1995.

Chung-Kwang Tien, Taiwan’s ambassador, was invited to Prime Minister Narendra Modi’s inauguration ceremony in 2014. Meanwhile, bilateral trade between India and Taiwan is expanding. “In 2002, India and Taiwan signed a bilateral investment agreement (BIA), which became effective in 2005. Bilateral trade between India and Taiwan increased by 185%, from $2 billion in 2006 to $7 billion in 2020. Taiwan received $698.6 million in FDI from India between 2000 and 2021 “according to sources

In comparison, India’s commercial ties with China are enormous: From less than $20 billion in 2005 to $130 billion last year, relations have been strained for a variety of reasons, which has impacted India’s articulation of the One-China policy.

According to media reports, TMSC (Taiwan Semiconductor Manufacturing Company) has a 54 percent market share and Taiwan alone is in charge of 63 percent of the global semiconductor business. Taiwan is a sizable supplier of semiconductors to well-known technological firms and automobiles all around the world. In contrast, South Korea owns a 17 percent market share, China produces 6% of the world’s semiconductors, and the remaining 13 percent is made up of other nations.

Must Read:- 

  • Top 10 shoe brands in India for men & women 2021
  • Top 10 Schools in Delhi 2021, list of best schools for your child
  • Top 10 richest actors in the world 2021
  • Business vs Job: Which is Better
  • Top 10 series on Netflix 2021, don’t miss these must-watch series
  • Upcoming List of Top Indian Web Series of 2021
  • Top 10 richest player of the world 2021
  • Top 10 highest paid CEO in the World
  • Top 10 richest person of India
  • Top 10 Highest Paid CEOs of India
  • The Success Story of Steve Jobs
  • Top 10 Business Magazine In India
  • Top 10 Business Newspaper In India
  • Top 10 richest billionaires in the world 2021
Previous Post

GoodFellows, a companionship startup by Shantanu Naiduwins Ratan Tata’s investment

Next Post

Laughter – The best medicine

admin

admin

Admin is a Digital Marketing Executive at Business Connect Magazine. With his expertise in digital marketing strategies, leverages his knowledge to optimize online presence, enhance brand visibility, and engage with the target audience effectively.

Next Post
It is a known fact that Laughter is the best medicine, but are you aware of how laughter can affect your well being, your work environment and overall improve the quality of work output as an individual or as a group.

Laughter - The best medicine

Carlos Slim Helu

Carlos Slim Helu

Dilip Shanghvi

Dilip Shanghvi

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Upcomming event 2023

Business Connect magazine events

Recent News

After 27 Years, Miss World 2023 Set to Take Place in India

After 27 Years, Miss World 2023 Set to Take Place in India

June 9, 2023
India and New Zealand Collaborate to Enhance UPI Facilitation & Resolve Trade Challenges

India and New Zealand Collaborate to Enhance UPI Facilitation & Resolve Trade Challenges

June 9, 2023
Beyond the Limits: Unveiling the Top 10 Fastest Cars of 2023

Beyond the Limits: Unveiling the Top 10 Fastest Cars of 2023

June 9, 2023
Overview of Strifor broker: what opportunities are there for clients of the service

Overview of Strifor broker: what opportunities are there for clients of the service

June 8, 2023
https://www.youtube.com/watch?v=5gPvV9iUPII
Business Connect magazine events | Business magazine

Recommended

Radwhare- Cyber Security Company | Business Connect

Radware Ltd.

August 13, 2019
CRMIT Solutions - Business Connect

CRMIT Solutions

July 16, 2020

Most Popular

After 27 Years, Miss World 2023 Set to Take Place in India
News

After 27 Years, Miss World 2023 Set to Take Place in India

June 9, 2023
India and New Zealand Collaborate to Enhance UPI Facilitation & Resolve Trade Challenges
News

India and New Zealand Collaborate to Enhance UPI Facilitation & Resolve Trade Challenges

June 9, 2023
Beyond the Limits: Unveiling the Top 10 Fastest Cars of 2023
Blog

Beyond the Limits: Unveiling the Top 10 Fastest Cars of 2023

June 9, 2023

Business Connect is a business magazine whose name is derived from Business Community which connects entrepreneurs, executive officers and VCs. With a mission to have one of the highest readership figures of senior-level executives and investors in India, Business Connect brings its edition on monthly basis.

Follow Us

Recent News

After 27 Years, Miss World 2023 Set to Take Place in India

After 27 Years, Miss World 2023 Set to Take Place in India

June 9, 2023
India and New Zealand Collaborate to Enhance UPI Facilitation & Resolve Trade Challenges

India and New Zealand Collaborate to Enhance UPI Facilitation & Resolve Trade Challenges

June 9, 2023

Contact Information

Address: 807, DDA 2, District Centre, Janakpuri West, New Delhi-110058

Phone Number: +91-11-41065208, 42636209

Mail: abhishek@businessconnectindia.in / events@businessconnectindia.in

Contact to Get Feature as Guest Post : info@businessconnectindia.in

  • About us
  • Why us
  • Healthcare
  • Guest writers
  • Career

© 2020 All Rights Reserved by Business Connect India

No Result
View All Result
  • News
  • Magazine
  • Interior Design
  • Press Release
    • PR Enquiry
  • Success Stories
  • Latest Edition
  • Launchpad
  • Blogs
  • Testimonials

© 2020 All Rights Reserved by Business Connect India

Need Help? Chat with us
Start a Conversation
Hi! Click one of our member below to chat on Whatsapp
The team typically replies in a few minutes.
Ashish Kumar
Sales & Support