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What a Chinese Blockade of Taiwan Would Mean for Global Business
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Beijing considers Taiwan, a democratically ruled island near mainland China, as part of its territory. When U.S. House Speaker Nancy Pelosi visited Taiwan this month to support its government, Beijing condemned the trip and conducted military drills with warplanes, ships and missiles to demonstrate its ability to blockade the island.
On Sunday, in a move that could rekindle tensions, a group of U.S. lawmakers flew to Taiwan with plans to meet with Taiwan’s president. A spokesman for the Chinese Embassy in Washington responded that “China will take resolute countermeasures in response to the U.S.’s provocations.”
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