A richer, stronger China warns Pelosi not to visit Taiwan
BEIJING (AP) — Beijing grumbled but swallowed its irritation in 1997 when then-Speaker Newt Gingrich of the U.S. House of Representatives visited Taiwan, the island democracy claimed by the mainland’s ruling Communist Party as its own territory. China had other priorities. President Jiang Zemin’s government was preparing to celebrate Hong Kong’s return and wanted to lock in Beijing’s emergence from diplomatic isolation after its 1989 crackdown on pro-democracy demonstrations in Tiananmen Square. Gingrich, a booster of closer U.S.-Chinese ties, had just helped that campaign by meeting Jiang in Beijing. China avoided a disruptive clash with Washington.
© Walid Berrazeg / Hans Lucas / Hans Lucas via AFP The trip from Nancy Pelosi to Taiwan did not please China and she lets him know. She started her military exercises on Thursday in the island's strait. An action that could have economic consequences in Europe since Taiwan is the world's leading producer in the world. Are we heading for a new shortage of cars, computers, bank cards?
abroad, the Military Maneuvers of China continue. In retaliation for the arrival of the president of the House of Representatives of the United States, Nancy Pelosi , on the island claimed by Beijing, the Liberation People's Army deployed its military forces. Exercises that should last until Sunday.
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The leaders of the two major powers will talk over existing frictions as well as new uncertainties thrown up by Nancy Pelosi's travel plans.The competitive nature of the contemporary relationship has left many fearing a mishap in Asia, one that could spark a wider conflict with global consequences. Crisis management between the two militaries therefore will be high on the agenda for the talks, their fifth in the last 18 months and the latest since March.
If a real conflict broke out between Taiwan and China, this could have economic consequences in Europe. Taiwan is indeed the leading producer of semiconductors in the world, these small electronic components that we find in almost all our devices.
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The supply of semiconductors could be impacted
if the situation around Taiwan were to last or deteriorate, the supply of semiconductors would be strongly impacted. The Taiwanese company TSMC is indeed the leading producer in the world of these electronic chips, it provides the automobile, IT, telephony or even air, a giant that represents 50% of the world market.
Beijing is therefore particularly interested in this factory. TSMC CEO Mark Liu explained to CNN at the start of the week his fear of an invasion by China. "No one can control TSMC by force. In the event of the use of military force or invasion, so you would make TSMC installations ineffective," he said.
Xi, Biden to speak as possible Pelosi Taiwan visit looms
BEIJING (AP) — U.S. President Joe Biden is planning to speak with his Chinese counterpart Xi Jinping for the first time in four months, with a wide range of bilateral and international issues on the table. But a potential visit to Taiwan by Speaker of the House Nancy Pelosi is looming over the conversation set for Thursday, with China warning of a severe response if she travels to the self-governing island democracy Beijing claims as its own territory.
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Island In the event of an invasion, China would not control the production of these chips, since This production would be interrupted or destroyed, plunging into uncertainty most of the world's technological industries, which depend on it today.
Europe invests 43 billion euros
with the military exercises of Beijing in the Strait of Taiwan, immediate concern for TSMC is the risk of blocking by the army of containers from the island, preventing Companies that need to receive their semiconductors. To cope with these various crises, Europe will invest 43 billion euros in the coming years. The objective: to multiply by four its production of fleas by the end of the decade, in order to no longer depend on these producing countries.
Q&A: Why is a planned Pelosi visit to Taiwan causing tension? .
China is warning it will respond forcefully if U.S. House Speaker Nancy Pelosi proceeds with a planned visit to Taiwan.Pelosi is second in line to the presidency, behind Vice President Kamala Harris, and would be the highest-ranking U.S. politician to visit Taiwan since 1997. China has threatened unspecified “resolute and strong measures" if she goes ahead, which analysts say could cause tensions to spike in the Taiwan Strait, considered a major potential Asian powder keg.