The brief visit by the United States House Speaker, Nancy Pelosi, to Taiwan, against stern warnings issued by China, has the potential to increase the already deteriorating relationship between the U.S. and China, with major implications for Taiwan. For China, its claims about a rising superpower might ring hollow if it is unable to unify its claimed territories, in particular Taiwan. For the U.S., it is about re-establishing steadily-diminishing American credibility in the eyes of its friends and foes. For Taiwan, it is about standing up to Chinese bullying and making its red lines clear to Beijing. The crisis that began with the visit of Ms. Pelosi to Taipei is still unfolding and there is little clarity today on how it will wind down even though it is unlikely to lead to a full-scale invasion of Taiwan or a war between China and the U.S. (Read More)
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