China – more leverage and more to lose over Taiwan

The economic hit from Russia’s invasion of Ukraine pales into insignificance compared to the potential damage from a similar standoff with China over Taiwan. Tensions have been rumbling ominously recently, with Japan last year giving notice that it would support the USA in defending Taiwan. And this week China demanded the US immediately cancels its latest arms sale to Taiwan, worth an estimated $108 million. Nancy Pelosi intends to visit Taiwan next month in a show of support, which is ca