Pelosi S Trip To Taiwan Could Have Major Implications For The Global Economy Larry Elliott
For now, things look subdued. Financial markets reacted relatively calmly to Nancy Pelosi’s visit and the military exercises Beijing ordered in response. The assumption is that China will make a show of force and leave it at that. However, its president, Xi Jinping, also has economic and financial weapons at his disposal and may choose to use them. At the milder end of the spectrum, China could make it more difficult for US companies to access its market....