China Military Drills Disrupt Global Supply Chain
According to Indonesian Employers Association chair Hariyadi Sukamdani, the situation has not had much impact on Indonesia yet, given that the trade volume between Indonesia and Taiwan is relatively small.
An aerial view shows Taiwanese navy ships (foreground) in Keelung harbour on August 4, 2022, as China held military exercises encircling Taiwan. - China's largest-ever military exercises encircling Taiwan kicked August 4, in a show of force straddling vital international shipping lanes after a visit to the island by US House Speaker Nancy Pelosi.
Blockage of the main shipping routes in the Taiwan Strait due to China’s military exercises risks disrupting supply chains in East Asia. The escalation in territorial tension comes in the aftermath of the visit by Nancy Pelosi, the Speaker of the United States House of Representatives, to Taipei on 2-3 Aug.