"We still need to closely monitor whether the tensions will intensify, but each party is believed to see the serious impact to the world's economy from the ongoing Russia-Ukraine crisis," he said. He added that the tensions may prompt Taiwanese firms to relocate their electronics production bases to other countries to stave off risks. GOOD AND BAD EFFECTSThough Thailand may gain some economic benefits from the China-Taiwan crisis, the problem may worsen the ongoing global shortage of semiconductors, said Kriengkrai Thiennukul, chairman of the Federation of Thai Industries (FTI). He echoed the belief that the tensions may also benefit Thailand's exports of agricultural products and food to China. Beijing has decided to ban the import of some fruits and fish products from Taiwan, according to media reports.

Source: Bangkok Post August 05, 2022 01:27 UTC