"Such a campaign would threaten not only Taiwan, but also US political and economic interests in East Asia. Chinese action against Taiwan would also present a military dilemma for your administration.
"If the US stood aside, its credibility in East Asia as a guarantor of stability would be severely damaged. If, on the other hand, the US did intervene, it might damage -- severely and perhaps for the long term -- the important economic and diplomatic relationship with China, possible setting the stage for a new Cold War with the world's most important rising power."
"Attempting to avoid such a confrontation should be a top priority for your administration," the group advised the next president.
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