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Free AccessNo Sign Of Cooling Tensions, Taiwan Drills Resume Following CODEL Trip
China has launched a new series of military drills around Taiwan following the latest US Congressional Delegation (CODEL) trip to the island.
- China Defence Ministry Spox: "PLA Eastern Theater Command organized a multi-service joint combat readiness & actual combat drills in waters and airspace around Taiwan island on Monday. This is a deterrence act toward the US and Taiwan, who are sabotaging cross-Straits stability."
- The five-strong CODEL is led by Sen Ed Markey (D-MA) and is formed of four Democrats and one Republican. The group has met with Taiwanese President Tsai Ing-wen, and it set to hold talks with gov't and private sector representatives.
- Comes as speculation rose on 12 Aug of a meeting of Presidents Xi Jinping and Joe Biden at the G20 leaders' summit in Indonesia in November following story in WSJ. If the two can arrange a face-to-face it could prove a major moment in relationship that has seen tensions reach multi-year lows in recent weeks following Speaker Nancy Pelosi's (D-CA) trip to Taiwan earlier in August.
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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.