Scholar: Taiwan Needs to Strengthen Cooperation with Major Economies Amidst International Economic Restructuring
Amidst the global economic restructuring, Taiwanese scholar Chen Song-hsing advises Taiwan to bolster cooperation with major economies beyond the US to safeguard its economic development and freedom of navigation. He warns that a conflict in the Taiwan Strait would have severe repercussions for Taiwan, China, Japan, South Korea, and ASEAN economies, necessitating international collaboration for regional stability.
📋 Article Processing Timeline
- 📰 Published: April 16, 2026 at 18:36
- 🔍 Collected: April 16, 2026 at 19:02 (26 min after Published)
- 🤖 AI Analyzed: April 16, 2026 at 19:05 (3 min after Collected)
Central News Agency
(Central News Agency reporter Wu Shu-wei, Taipei, April 16) Regarding the impact of cross-strait conflict on the world, scholar Chen Song-hsing stated today that the international economic order is undergoing restructuring. Taiwan should strengthen cooperation with major economies outside the United States to persuade these countries that if Taiwan's economy is severely damaged, everyone will be affected. They should also cooperate with Taiwan to ensure economic development and freedom of navigation.
The 2026 TTX Political, Economic, and Military Situation Simulation, jointly held by the Institute of International Relations at National Chengchi University and other organizations, included a forum and press conference on "Challenges to Taiwan's Economy from Great Power Competition" yesterday and today, inviting several experts and scholars.
Chen Song-hsing, an adjunct professor at the Graduate Institute of International Development and Chinese Studies at Chinese Culture University, pointed out that China has been preparing for an attack on Taiwan. However, a conflict in the Taiwan Strait would not only damage Taiwan's economy but also China's. The Taiwan Strait is crucial for the economic operations of Japan and South Korea, as well as vital for ASEAN economies. Taiwan must clearly recognize that it must rely on itself. US President Trump is TACO (Trump Always Caves Out), and Trump is not trustworthy.
Chen Song-hsing stated that the international economic order is undergoing restructuring, and Taiwan may not be included in it. Taiwan should strengthen cooperation with major economies outside the United States, and cooperate with Japan, South Korea, and NATO member states other than the US. He urged NATO member states to send warships to the Taiwan Strait to maintain freedom of navigation. Therefore, Taiwan needs to cooperate with other allies besides the US, so that other countries will stand up for Taiwan due to economic factors and freedom of navigation when facing China's challenges.
Regarding the takeaways from the situation simulation, Li Tong-hao, an adjunct professor in the Department of Finance at National Chengchi University, stated that Taiwan needs to establish an agency under the Executive Yuan, similar to the US Federal Emergency Management Agency (FEMA), to respond to various crises, rather than seeking help from the military every time a problem arises. Communication is crucial, just like an air raid siren; it requires advance warning. Perhaps the first step is difficult, but once the public is accustomed to it, they will know how to handle crises, and transparency and good communication with the public are essential.
Former legislator Annette Lu stated that there are huge disparities in population and economic scale between the two sides of the Taiwan Strait. While Taiwan is preparing for the worst-case scenario and building resilience, it should not abandon diplomatic efforts and dialogue. This is not only for Taiwan but also to maintain peace and stability in the Taiwan Strait. (Editor: Chai Szu-chia) 1150416
Stand with the truth, and every sponsorship from you is a force to protect the freedom of the press.
Download the CNA "First-Hand News" APP for real-time updates.
The text, images, and videos on this website may not be reproduced, broadcast, or transmitted and used without authorization.
(Central News Agency reporter Wu Shu-wei, Taipei, April 16) Regarding the impact of cross-strait conflict on the world, scholar Chen Song-hsing stated today that the international economic order is undergoing restructuring. Taiwan should strengthen cooperation with major economies outside the United States to persuade these countries that if Taiwan's economy is severely damaged, everyone will be affected. They should also cooperate with Taiwan to ensure economic development and freedom of navigation.
The 2026 TTX Political, Economic, and Military Situation Simulation, jointly held by the Institute of International Relations at National Chengchi University and other organizations, included a forum and press conference on "Challenges to Taiwan's Economy from Great Power Competition" yesterday and today, inviting several experts and scholars.
Chen Song-hsing, an adjunct professor at the Graduate Institute of International Development and Chinese Studies at Chinese Culture University, pointed out that China has been preparing for an attack on Taiwan. However, a conflict in the Taiwan Strait would not only damage Taiwan's economy but also China's. The Taiwan Strait is crucial for the economic operations of Japan and South Korea, as well as vital for ASEAN economies. Taiwan must clearly recognize that it must rely on itself. US President Trump is TACO (Trump Always Caves Out), and Trump is not trustworthy.
Chen Song-hsing stated that the international economic order is undergoing restructuring, and Taiwan may not be included in it. Taiwan should strengthen cooperation with major economies outside the United States, and cooperate with Japan, South Korea, and NATO member states other than the US. He urged NATO member states to send warships to the Taiwan Strait to maintain freedom of navigation. Therefore, Taiwan needs to cooperate with other allies besides the US, so that other countries will stand up for Taiwan due to economic factors and freedom of navigation when facing China's challenges.
Regarding the takeaways from the situation simulation, Li Tong-hao, an adjunct professor in the Department of Finance at National Chengchi University, stated that Taiwan needs to establish an agency under the Executive Yuan, similar to the US Federal Emergency Management Agency (FEMA), to respond to various crises, rather than seeking help from the military every time a problem arises. Communication is crucial, just like an air raid siren; it requires advance warning. Perhaps the first step is difficult, but once the public is accustomed to it, they will know how to handle crises, and transparency and good communication with the public are essential.
Former legislator Annette Lu stated that there are huge disparities in population and economic scale between the two sides of the Taiwan Strait. While Taiwan is preparing for the worst-case scenario and building resilience, it should not abandon diplomatic efforts and dialogue. This is not only for Taiwan but also to maintain peace and stability in the Taiwan Strait. (Editor: Chai Szu-chia) 1150416
Stand with the truth, and every sponsorship from you is a force to protect the freedom of the press.
Download the CNA "First-Hand News" APP for real-time updates.
The text, images, and videos on this website may not be reproduced, broadcast, or transmitted and used without authorization.