Taiwan Semiconductor Manufacturing Co (TSMC) chairman Mark Liu (劉德音) said in an interview with CNN on Sunday that a Chinese invasion of Taiwan would render the company’s plants inoperable, and that such a war would produce “no winners.” Not only would Taiwan’s economy be destroyed in a cross-strait conflict, but the impact “would go well beyond semiconductors, and would bring about the destruction of the world’s rules-based order and totally change the geopolitical landscape,” Liu said in the interview, according to the Central News Agency. Bloomberg columnist Hal Brands wrote on June 24: “A major war over Taiwan could create global economic
Washington’s official position on US House of Representatives Speaker Nancy Pelosi’s visit to Taiwan is that nothing has changed: The US government says it is maintaining its “one China” policy, that Pelosi is free to arrange international trips with congressional delegations independent of the government and that she is not the first US official to visit Taiwan even this year. Yet there is no denying that the fact and the optics of the second-in-line to the US presidency speaking with lawmakers at the Legislative Yuan about inter-parliamentary discussions and learning from each other as equals are hugely significant, as were
Amid a fervor in the global media, US House of Representatives Speaker Nancy Pelosi and her congressional delegation made a high-profile visit to Taipei. President Tsai Ing-wen (蔡英文) awarded a state honor to her at the Presidential Office. Evidently, the occasion took on the aspect of an inter-state relationship between the US and the Republic of China (ROC) on Taiwan, despite no mutual state recognition between the two. Beijing furiously condemned Pelosi’s visit in advance, with military drills in the waters surrounding coastal China to check the move. Pelosi is a well-known China hawk, and second in the line of succession to
A stark contrast in narratives about China’s future is emerging inside and outside of China. This is partly a function of the dramatic constriction in the flow of people and ideas into and out of China, owing to China’s COVID-19 quarantine requirements. There also are fewer foreign journalists in China to help the outside world make sense of developments. Those foreign journalists and diplomats who are in China often are limited in where they can travel and who they can meet. There also is tighter technological control over information inside China than at any point since the dawn of the