FinTech Magazine - September 2022 | Page 12

BIG PICTURE

China and Taiwan in pre-war standoff ?

China

As the world reels from the financial fallout of the Russia / Ukraine war , Taiwan calls upon its citizens to prepare for a nuclear attack by China .
With a population of 29 million people , the Asian democracy has been at odds with China since 1947 over whether it ’ s a territory of China or its own country – a contentious issue that has reared its head in recent years . DreamWorks ’ 2019 film Abominable featured a controversial image of contested territories in the South China Sea , which included Taiwan .
A war between the two would trigger financial devastation for the already unstable global economy .
12 September 2022