China sparks EU panic: Imports under threat of being cut after 'huge geopolitical move'
1http://shorturl.at/nMPS7 https://www.youtube.com/channel/UCdI64z4KvNQr9C1NlDauJ9A https://www.youtube.com/channel/UCdI64z4KvNQr9C1NlDauJ9A https://www.youtube.com/channel/UCdI64z4KvNQr9C1NlDauJ9A China sparks EU panic: Imports under threat of being cut after 'huge geopolitical move'
THE EU is panicking over fears China's invasion of Taiwan could disrupt the global supply of microchips, which an expert has told Nonstop News may be all the more likely after backing from Russia.
The world is already experiencing a microchip shortage that is affecting a range of industries that use the technology. Around 370,500 vehicles have been cut from global factories over the shortages, but everything from smartphones to washing machines relies on the technology too. European Commission President Ursula von der Leyen is poised to unveil the EU Chips Act today in an attempt to boost the manufacturing of microchips in the bloc.
Thierry Breton told Politico Playbook: “When there is a global shortage like right now, the entire economy slows down.
“That is why securing the supply in the most advanced chips has become an economic and geopolitical priority.”
And the shortage may only get worse, according to Brandon Weichert, author of Winning Space: How America Remains a Superpower.
Around 50 percent of the world’s microchips, and up 95 percent of the most advanced chips, come from Taiwan.
Mr Weichert warned that because Russia's backing of Beijing's “One China” policy is a “huge geopolitical moment”, that could make an invasion of Taiwan more likely.
This has sparked fears that the global supply of microchips could be shaken up even more.
Mr Weichert told Express.co.uk: “Russia's commitment to a "One China" policy is a huge geopolitical moment. It shows that the Sino-Russian alliance is no longer just one of temporary convenience.
“Whatever fissures and weaknesses remain in this relationship, the dragon and the bear's engagement is far stronger than many in the West give it credit.”
The “One-China” concept refers to China’s formal ties to Taiwan.
While China views the island as its own, Taiwan claims sovereignty.
Russia has now supported Beijing’s idea that Taiwan is “an inalienable part of China, and opposes any forms of independence".
And Mr Weichert fears that it will be “highly unlikely” to prevent China from invading Taiwan.
He warned: “Now, the Sino-Russian alliance is ideological: they are coordinating their irredentism on both sides of Eurasia – Ukraine and Taiwan.
“It means preventing either a Russian annexation of Eastern Ukraine or an inevitable Chinese invasion of Taiwan at the international diplomatic level is highly unlikely.
“It remains to be seen, however, what military support either Russia or China would potentially lend to the other in the event that the West decided to military intervene to stop either a Russian annexation of Eastern Ukraine or a Chinese invasion of Taiwan.”
And Mr Weichert warned that this could tip the global balance of power and could even lead to the breakout of World War 3.
He told Nonstop News: “Not only is this the makings of a new, wholly anti-American and authoritarian world order (at east for Eurasia), it is also the potential birth of a military alliance that could very well be the opposing forces in what I believe is another world war – which is coming much sooner than most realise at this rate.” nonstop news
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