“Those who play with fire will perish.”
(Photo: AP)
The last thing the world economy, indeed world politics, needs right now is an escalation of the Taiwan conflict. As is so often the case, a more or less insignificant reason brings this dispute, which has been smoldering for decades, into the vicinity of a military confrontation between the two superpowers China and the USA: the visit of Nancy Pelosi, the Speaker of the Democrats in the House of Representatives, to Taipei.
It’s not even an official state visit, nor is there an official agenda.
From Beijing’s point of view, one can now ask what is more serious: that US President Joe Biden publicly announced that he would provide military assistance to Taiwan should the Chinese attack the island; or that a US representative, albeit the third highest in the state, pays a visit to Taipei.
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