history, economics, and current events

Taiwan

Taiwan

Taiwan, the Republic of China, has never been part of the People’s Republic of China, commonly referred to as China. Taiwan was conquered from Qing China by the Empire of Japan in 1895. Taiwan became an independent country in 1945 when the USA conquered Japan. Today, it is a major producer of semiconductor computer chips. It also serves as a convenient excuse for China to put tanks and soldiers in the street as they prepare for riots as their banking and real estate market collapses.

Taiwan, also known of Formosa, was given to Japan in the Treaty of Shimonoseki after the Qing Chinese Empire lost the First Sino-Japanese War (1894-95).[1]

Because of depressions from taxes, regulations, and insurrections, the Qing dynasty ended in 1911. Decades of civil war (1927-1949) between the Chinese Nationalists and the Chinese Communists followed while Japan simultaneously invaded (1931-1945). The Japanese lost the war after the USA became involved and then the Communists defeated the Nationalists in mainland China. The nationalists have since only controlled Taiwan.[2]

Today, Taiwan is a major player in the production of semiconductor computer chips. According to Yen Nee Lee, writing for CNBC,[3]

“Taiwan’s outsized role in chipmaking has come under the spotlight as a global shortage of semiconductors forced several automakers to halt production.

[…]

Taiwan dominates the foundry market, or the outsourcing of semiconductor manufacturing. Its contract manufacturers together accounted for more than 60% of total global foundry revenue last year, according to data by Taipei-based research firm TrendForce.”

At present, Communist China is making noises about conquering Taiwan. They even threatened war when the US Speaker of the House, Nancy Pelosi, visits the island starting Tuesday August 2.[4]

However, the threats of war could just be Communist China justifying their deployment of the military to the streets of China in response to their collapsing real estate market and resulting bank runs.[5][6][7]

Taiwan, the Republic of China, has never been part of the People’s Republic of China, commonly referred to as China. Taiwan was conquered from Qing China by the Empire of Japan in 1895. Taiwan became an independent country in 1945 when the USA conquered Japan. Today, it is a major producer of semiconductor computer chips. It also serves as a convenient excuse for China to put tanks and soldiers in the street as they prepare for riots as their banking and real estate market collapses.

[1]https://www.britannica.com/place/Taiwan/Taiwan-as-part-of-the-Japanese-empire

[2]https://www.hamiltonmobley.com/blog/the-opium-wars

[3]https://www.cnbc.com/2021/03/16/2-charts-show-how-much-the-world-depends-on-taiwan-for-semiconductors.html

[4]https://www.nbcnews.com/news/world/china-begins-live-fire-drills-taiwan-pelosi-visit-rcna41461

[5]https://www.theguardian.com/world/2022/jul/11/china-violent-clashes-at-protest-over-frozen-rural-bank-accounts

[6]https://www.youtube.com/watch?v=DF__Gr_NVok&t=918s

[7]https://www.youtube.com/watch?v=vLdobKqTPB0

1848

1848

BRICS

BRICS