Free Trial
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
US-CHINA
In a town hall event overnight, US President Joe Biden, in answer to a question regarding the potential US defence of Taiwan in the event of a Chinese invasion, responded "Yes, we have a commitment to do that." Later, the White House appeared to try to walk back Biden's comment, stating that the administration was "not announcing any change in our policy and there is no change in our policy".
- Nevertheless, the comments have understandably gained traction in Beijing. The Chinese Foreign Ministry has stated that China has 'no room for concessions in its core interests' and that the United States should 'avoid sending wrong signals' to Taiwanese independence forces.
- The comments from Biden come at a time of already-heightened tensions in the region. China's PLA airforce has flown a record number of sorties into Taiwanese airspace in recent weeks, while mass naval exercises by the US and its allies in the Pacific and Indian oceans will not have gone unnoticed in Beijing. Outright conflict in the short term remains extremely unlikely, but stretching into the medium-to-long term the prospect of war over Taiwan cannot be discounted.
Graphic. Chinese Military Aircraft Incursions into Taiwan's ADIZ
Source: AFP, Taiwanese Ministry of National Defense
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok