Commentary
U.S. House Speaker Nancy Pelosi’s Taiwan visit came and went, but the crisis created by China in the Taiwan Strait continues to develop.
The Chinese Communist Party (CCP) is celebrating the great success of turning the crisis into an unprecedented opportunity to advance its coercive policies to bring Taiwan under its control. In the United States, there is worry about the deteriorating bilateral relations between the two largest economies.
Here is our take on the situation.
The ongoing crisis in the Taiwan Strait is a long-planned creation of the CCP, and Pelosi’s visit to Taiwan only forced the CCP to implement it early. In our view, China’s real intention is to show the United States and its allies, as well as Taiwan, that the People’s Liberation Army (PLA) already has the capacity to blockade Taiwan, cutting off its lifeline such as energy supplies and export and import shipments, to prevent Taiwan’s effort of becoming a normal member of the international community, with the help of the United States and its allies….