The Magazine for Asian Investors
The Chinese government has suspended imports of cookies and pastries from 35 Taiwanese export companies. This has been in effect since yesterday (Aug. 1), ahead of U.S. House of Representatives Speaker Nancy Pelosi’s visit to Taiwan today.
Of the 107 Taiwanese companies registered with the Chinese Customs under the Biscuits, Pastry, and Bread categories, 35 were identified as “import suspension”
In addition, of the 3,200 businesses registered in the food category, 2,066 were identified as “import blocked.”
It is not yet clear whether China will increase the suspension of imports from Taiwan. Taiwan’s main exports to China are electronic equipment and parts, machinery, plastics and chemicals.
Taiwan’s statistical office stated that China imported a record $189 billion of goods from Taiwan last year.