FANGLIAO, TAIWAN - Lin Chun-lai bought his grouper farm in southern Taiwan about a decade ago with an eye on mainland China's growing appetite for live fish. In just a few years, the former electrician made enough money to comfortably support his family of four and even open a small inn.
China's leader, Mr Xi Jinping, has said that Taiwan's unification with China is inevitable, but most of Taiwan's 23 million people are in favour of maintaining the island's de facto independence. As Beijing has ramped up pressure on the island, Taiwan has moved to strengthen economic and diplomatic ties with friendlier countries, including the United States, those in the European Union and Japan.
The fish, which is known for its lean and moist meat, is regarded in Taiwan as a relatively high-end seafood typically eaten on special occasions, unlike pineapple. Since China's ban, the price of one type of grouper has already fallen to US$3.30 per pound from US$4, according to Lin, the grouper farmer.
The latest ban is an acute reminder to Taiwan of the risks of being overly economically dependent on the mainland. Trade between the sides have grown over the past decades, especially under the previous administration in Taiwan, when relations were friendlier.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
China Perspective Podcast: China & US presidents to discuss global security issuesstraits_times Ruled by gangsters and thugs. That’s the perspective.
Source: STForeignDesk - 🏆 4. / 71 Read more »
Taiwan condemns China over changes in World Cup fan labellingTAIPEI — Taiwan accused China of 'bullying' on Tuesday after the island's name ended up as 'Chinese Taipei' on a Fifa World Cup fan identification card following multiple changes by organisers in Qatar.
Source: TODAYonline - 🏆 1. / 99 Read more »
ST Explains: US-China spat over legal status of Taiwan Strait
Source: STForeignDesk - 🏆 4. / 71 Read more »
Taiwan accuses China of bullying over World Cup name changeTAIPEI - Taiwan accused China of bullying on Monday (June 20) after organisers of the World Cup in Qatar again changed the reference for Taiwanese visitors applying for an identification card that doubles as an entry visa to list their nationality as 'Chinese Taipei'. All World Cup ticket holders must apply for the Hayya card used to identify fans, which...
Source: asiaonecom - 🏆 10. / 59 Read more »
Taiwan accuses China of bullying over World Cup name changeTAIPEI - Taiwan accused China of bullying on Monday (June 20) after organisers of the World Cup in Qatar again changed the reference for Taiwanese visitors applying for an identification card that doubles as an entry visa to list their nationality as 'Chinese Taipei'. All World Cup ticket holders must apply for the Hayya card used to identify fans, which...
Source: asiaonecom - 🏆 10. / 59 Read more »
Bank of China savings account interest rate review: Inconvenient but rewardingWhen you think of putting your life savings in a bank, chances are DBS Multiplier, OCBC 360, or UOB One savings accounts would come to mind first. You're familiar with the banks, probably already have an existing account, and trust that your savings would be safe with them. It's also the most accessible. However, when you take a step out...
Source: asiaonecom - 🏆 10. / 59 Read more »