American Business Is Already Planning Its Escape From Taiwan Should China Invade

via Daily Caller

American businesses, ranging from Fortune 500 companies to small firms, are preparing to evacuate staff and assets from Taiwan in the event of a Chinese invasion, Politico reported Thursday.

The Chinese military has been ramping up intimidation tactics against the island following House Speaker Nancy Pelosi’s two-day visit, most recently firing “precision missile strikes” into the Taiwan Strait as a show of targeted force, according to Fox News Thursday. The country’s ramped up drills have left some companies spooked after the Russian invasion of Ukraine led to dozens of major corporations escaping or having their assets seized, according to Politico. (RELATED: China Kicks Off Military Drills Around Taiwan As Pelosi Touches Down)

“I have seven fortune 500 companies asking me to pre-plan and build an outline of triggers for them to start moving people, infrastructure, and assets,” said Dale Buckner, CEO of security firm Global Guardian, told Politico. “There are some companies that are taking this very seriously [because] they don’t want to happen what just happened in Russia where they lost billions of dollars’ worth of assets, both financial and hard, so they are already looking to disperse people and assets [to other countries].”

Russia has seized foreign assets that were not tied directly to the Ukrainian invasion or located within Ukraine, seizing the Sakhalin-2 gas and oil project in eastern Russia, which foreign companies Shell, Mitsui and Mitsubishi held an almost 50% stake in together, according to The Hill in July.

“While we’ve consistently said there’s no direct impact or ‘trigger’ in terms of increased Taiwan war risk, the ‘Ukraine effect’ has made companies vastly more aware of and sensitive to geopolitical risk,” Andrew Gilholm, director of analysis on China and Korea at Control Risks, told Politico.

 

The Taiwanese government, while acknowledging companies’ fears, is downplaying the dangers to foreign companies.

“Taiwan remains a safe, stable, and reliable partner for doing business,” a spokesman for the Taipei Economic and Cultural Representative Office, located in Washington, D.C., told Politico Thursday.

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About the Author: NC Scout

NC Scout is the nom de guerre of a former Infantry Scout and Sergeant in one of the Army’s best Reconnaissance Units. He has combat tours in both Iraq and Afghanistan. He teaches a series of courses focusing on small unit skills rarely if ever taught anywhere else in the prepping and survival field, including his RTO Course which focuses on small unit communications. In his free time he is an avid hunter, bushcrafter, writer, long range shooter, prepper, amateur radio operator and Libertarian activist. He can be contacted at [email protected] or via his blog at brushbeater.wordpress.com .

One Comment

  1. Rob157 August 7, 2022 at 16:54

    The people who want to strip America of technological ability could not have planned it better.

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