2023-11-01 21:38:00
Chris Miller, the author of “Chip War” and an American scholar, pointed out when attending a forum in India that if China decides to block Taiwan, the global economy may lose trillions of dollars within two quarters.
▲ American scholar Miller pointed out that the conflict between China and Taiwan may cause global losses of trillions of dollars. (Picture/Photography by reporter Qiu Rongji)
When Miller attended the Hindustan Times Leadership Summit, he told Hindustan Times editor-in-chief R Sukumar that the conflict between China and Taiwan might cause trillions of dollars in global losses because Taiwan is the world’s largest A major player in the important semiconductor industry.
In addition, Miller also said: “I think the challenge right now is that it is very difficult to predict with any confidence the direction of politics and where China’s Taiwan policy will ultimately go.”
He mentioned: “Due to this uncertainty, companies and countries are trying to reassess the dependence of their supply chains on China and Taiwan, and companies are finding it difficult to fully ensure that they are immune to China and Taiwan risks, but They have to do it because it’s expensive.”
Miller pointed out that if China decided to block Taiwan, the world economy would lose trillions of dollars within two quarters.
He also said: “If China blocks Taiwan or otherwise disrupts semiconductor shipments, the best estimate of the damage is that the global economy will suffer trillions of dollars in losses in the first few quarters alone, so this will be very important to the government.” For enterprises, it is a challenge that cannot be ignored, even if it is a very difficult problem to solve.” (Central News Agency, New Delhi, 1st)
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