"The prosperity of both Taiwan and Hong Kong is heavily dependent on investment and export production in China. Abandoning MFN would cut Hong Kong's economic growth in half. It also would harm Taiwan's economy. Billions of dollars in Taiwanese investment and labor-intensive industries have moved to the mainland, unabated by current tensions with China."

  • Quote

Name

"The prosperity of both Taiwan and Hong Kong is heavily dependent on investment and export production in China. Abandoning MFN would cut Hong Kong's economic growth in half. It also would harm Taiwan's economy. Billions of dollars in Taiwanese investment and labor-intensive industries have moved to the mainland, unabated by current tensions with China."

Types

Quote

Source

Heritage Foundation

Source URL

https://www.heritage.org/asia/report/eight-good-reasons-continue-mfn-china

Referenced by

Revoking China's MFN status would harm the economies of Taiwan and Hong Kong

US Politics

Claim