MoneyWeek

Xi Jinping eyes up Taiwan

What’s happened?

he geopolitical jostling over Taiwan is intensifying, while Russia’s invasion of Ukraine has concentrated minds on all sides about the risks and rewards of possible conflict in the western Pacific. Last month US president Joe Biden, in an apparently off-the-cuff comment, committed the US to defending Taiwan militarily in the event of a Chinese attack. The White House rowed back Biden’s comments, which departed from the US’s policy of “strategic ambiguity” over its intentions. But many analysts do think Biden has made a conscious choice: to signal to China that, if it tries to

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