QQQ   320.74 (-0.31%)
AAPL   164.88 (-0.28%)
MSFT   280.59 (-0.82%)
META   170.33 (+1.93%)
GOOGL   117.31 (-0.14%)
AMZN   139.46 (-0.95%)
TSLA   869.60 (+0.59%)
NVDA   177.99 (-6.27%)
NIO   20.20 (-0.10%)
BABA   90.84 (-1.86%)
AMD   100.07 (-2.19%)
MU   61.46 (-1.60%)
T   18.02 (-1.80%)
CGC   3.27 (+21.11%)
GE   75.23 (+1.17%)
F   15.79 (+3.20%)
DIS   109.16 (+2.37%)
AMC   23.95 (+7.98%)
PYPL   96.20 (+0.92%)
PFE   49.54 (+0.55%)
NFLX   233.37 (+2.91%)
QQQ   320.74 (-0.31%)
AAPL   164.88 (-0.28%)
MSFT   280.59 (-0.82%)
META   170.33 (+1.93%)
GOOGL   117.31 (-0.14%)
AMZN   139.46 (-0.95%)
TSLA   869.60 (+0.59%)
NVDA   177.99 (-6.27%)
NIO   20.20 (-0.10%)
BABA   90.84 (-1.86%)
AMD   100.07 (-2.19%)
MU   61.46 (-1.60%)
T   18.02 (-1.80%)
CGC   3.27 (+21.11%)
GE   75.23 (+1.17%)
F   15.79 (+3.20%)
DIS   109.16 (+2.37%)
AMC   23.95 (+7.98%)
PYPL   96.20 (+0.92%)
PFE   49.54 (+0.55%)
NFLX   233.37 (+2.91%)
QQQ   320.74 (-0.31%)
AAPL   164.88 (-0.28%)
MSFT   280.59 (-0.82%)
META   170.33 (+1.93%)
GOOGL   117.31 (-0.14%)
AMZN   139.46 (-0.95%)
TSLA   869.60 (+0.59%)
NVDA   177.99 (-6.27%)
NIO   20.20 (-0.10%)
BABA   90.84 (-1.86%)
AMD   100.07 (-2.19%)
MU   61.46 (-1.60%)
T   18.02 (-1.80%)
CGC   3.27 (+21.11%)
GE   75.23 (+1.17%)
F   15.79 (+3.20%)
DIS   109.16 (+2.37%)
AMC   23.95 (+7.98%)
PYPL   96.20 (+0.92%)
PFE   49.54 (+0.55%)
NFLX   233.37 (+2.91%)
QQQ   320.74 (-0.31%)
AAPL   164.88 (-0.28%)
MSFT   280.59 (-0.82%)
META   170.33 (+1.93%)
GOOGL   117.31 (-0.14%)
AMZN   139.46 (-0.95%)
TSLA   869.60 (+0.59%)
NVDA   177.99 (-6.27%)
NIO   20.20 (-0.10%)
BABA   90.84 (-1.86%)
AMD   100.07 (-2.19%)
MU   61.46 (-1.60%)
T   18.02 (-1.80%)
CGC   3.27 (+21.11%)
GE   75.23 (+1.17%)
F   15.79 (+3.20%)
DIS   109.16 (+2.37%)
AMC   23.95 (+7.98%)
PYPL   96.20 (+0.92%)
PFE   49.54 (+0.55%)
NFLX   233.37 (+2.91%)

China blocks some Taiwan imports but avoids chip disruption


Customers buy fruit at a stall in Taipei, Taiwan, Sept. 20, 2021. China has blocked imports of citrus and fish from Taiwan in retaliation for a visit to the self-ruled island by a top American lawmaker but avoided sanctions on Taiwanese processor chips for Chinese assemblers of smartphones and other electronics, a step that would send shockwaves through the global economy. (AP Photo/Chiang Ying-ying, File)

BEIJING (AP) — China blocked imports of citrus and fish from Taiwan in retaliation for a visit by a top American lawmaker, Nancy Pelosi, but has avoided disrupting one of the world's most important technology and manufacturing relationships.

The two sides, which split in 1949 after a civil war, have no official relations but multibillion-dollar business ties, especially in the flow of Taiwanese-made processor chips needed by Chinese factories that assemble the world's smartphones and other electronics.

They built that business while Beijing threatened for decades to enforce the ruling Communist Party's claim to the island by attacking.

Two-way trade soared 26% last year to $328.3 billion. Taiwan, which produces half the world's processor chips and has technology the mainland can't match, said sales to Chinese factories rose 24.4% to $104.3 billion.

“The global economy cannot function without chips that are made in either Taiwan or China,” said Carl B. Weinberg of High-Frequency Economics in a report.

On Wednesday, Beijing blocked imports of citrus fruits and frozen mackerel from Taiwan after Pelosi, speaker of the House of Representatives, arrived in Taiwan. Those products are only a fraction of Taiwan's total exports to the Chinese mainland. The ruling party has avoided disrupting the flow of chips and other industrial components, a step that would send shock waves through the shaky global economy.

Beijing also announced four days of military exercises with artillery fire in waters around Taiwan. That might delay or disrupt shipping to and from the island, one of the biggest global traders.

The potential disruption adds to concerns over weakening global economic growth, but Asian stock markets rose Wednesday after there was no immediate sign of Chinese military action.

The Communist Party says Pelosi's visit might embolden Taiwan to make its decades-old de facto independence permanent. Beijing says that would lead to war.


The administration of U.S. President Joe Biden has sought to tone down the volume on the visit, insisting there’s no change in America’s longstanding “one-China policy,” which recognizes Beijing but allows informal relations and defense ties with Taipei.

Meeting leaders in Taiwan, Pelosi said she and other members of Congress in a visiting delegation were showing they will not abandon their commitment to the self-governing island.

“America’s determination to preserve democracy, here in Taiwan and around the world, remains ironclad," Pelosi said in a short speech during a meeting with Taiwan’s President Tsai Ing-wen.

“Facing deliberately heightened military threats, Taiwan will not back down,” Tsai said.

The ban on imports of citrus fruits and frozen mackerel will hurt suppliers seen as Tsaí's supporters.

Taiwan plays an outsize role in the chip industry for an island of 24.5 million people, accounting for more than half the global supply.

Its producers including Taiwan Semiconductor Manufacturing Corp. make the most advanced processors for smartphones, tablet computers, medical devices and other products. Taiwan says chip sales to China factories rose 24.4% last year to $104.3 billion.

Beijing has invested billions of dollars in developing its own industry, which supplies low-end chips for autos and appliances but cannot support the latest smartphones, tablet computers, medical devices and other products.

Chips are China’s biggest import at more than $400 billion a year, ahead of crude oil.

That concentration has fueled concern in the United States and Europe about relying too heavily on supplies that might be disrupted by conflict. The U.S. government is trying to expand its domestic chip production capacity.

Overall, China is Taiwan’s biggest trading partner, taking more than twice as much of its exports as the United States, the island’s No. 2 foreign market.

Beijing has tried to use access to its markets to undermine Tsai and other Taiwanese leaders it accuses of pursuing independence.

The customs agency blocked imports of cookies and other food products from more than 100 Taiwanese suppliers on Monday ahead of Pelosi's visit, according to the Global Times and other Chinese news outlets. There was no official announcement.

The Communist Party also has used military action in the past to try to hurt Taiwanese leaders by disrupting the island's economy.

The mainland tried to drive voters away from then-President Lee Teng-hui ahead of the island's first direct presidential elections in 1996 by firing missiles into shipping lanes.

That forced shippers to cancel voyages and raised insurance costs but backfired by allowing Lee to brag about standing up to Beijing in front of cheering supporters. Lee won the four-way election with 54% of the vote.

7 Dividend Stocks to Buy When Safety is Your Top Priority

Capital preservation is an important objective for every investor. It's famously summed up by Warren Buffett who says his first rule of investing is to not lose money. And his second rule is to remember the first. When a bull market is racing higher, investors tend to get more aggressive. This means buying growth stocks. And in some cases these companies may not yet be generating a profit at all much less paying out a dividend.

Speculative investors would argue that the risk is worth it since, according to S&P Global, approximately two-thirds of the total return for the S&P 500 index in the last 100 years was due to capital appreciation. The other one-third comes from dividends. And when markets make a move downward, investors are seeking to hedge losses wherever they can. That's where dividend stocks come in.

In this special presentation, we're analyzing seven dividend stocks that investors can look for when they're looking for safety from market volatility. These dividends are safe and likely to continue to rise on a yearly basis.

View the "7 Dividend Stocks to Buy When Safety is Your Top Priority".

Free Email Newsletter

Complete the form below to receive the latest headlines and analysts' recommendations for your stocks with our free daily email newsletter:

Most Read This Week

Recent Articles

Search Headlines:

Latest PodcastFind Investing Opportunities For The Rest of 2022

Today, Kate’s guest is Rhys Williams, chief investment officer for the Opportunistic All Cap Equity, a long-short strategy at Spouting Rock Asset Management.

MarketBeat Resources

Premium Research Tools

MarketBeat All Access subscribers can access stock screeners, the Idea Engine, data export tools, research reports, and other premium tools.

Discover All Access

Market Data and Calendars

Looking for new stock ideas? Want to see which stocks are moving? View our full suite of financial calendars and market data tables, all for free.

View Market Data

Investing Education and Resources

Receive a free world-class investing education from MarketBeat. Learn about financial terms, types of investments, trading strategies and more.

Financial Terms
Details Here
MarketBeat - Stock Market News and Research Tools logo

MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. Learn more about MarketBeat.

MarketBeat is accredited by the Better Business Bureau MarketBeat is rated as Great on TrustPilot

© American Consumer News, LLC dba MarketBeat® 2010-2022. All rights reserved.
326 E 8th St #105, Sioux Falls, SD 57103 | contact@marketbeat.com | (844) 978-6257
MarketBeat does not provide personalized financial advice and does not issue recommendations or offers to buy stock or sell any security.

Our Accessibility Statement | Terms of Service | Privacy Policy | Do Not Sell My Information | RSS Feeds

© 2022 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see Barchart's disclaimer.