Mood shifts in Taiwan as Nancy Pelosi visit raises fears of war

Stoic, often fatalistic population paid little attention to talk of House speaker’s visit – until it was confirmed

At a central Taipei branch of a popular bank on Tuesday, a few clients came to Joseph Chiu, a teller, with an odd request: to withdraw millions of kuai from their accounts. “They worry the bank will close its doors tomorrow,” he said during an afternoon streetside smoke break.

Chiu said he wasn’t worried about such an event, and there is no indication that it is even a possibility, but it was a small sign that among Taiwan’s stoic, often fatalistic population, something had shifted this week.

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Nancy Pelosi’s visit to Taiwan risks upsetting Beijing to no advantage

Analysis: House speaker’s arrival is likely to inflame relations between the US and China without making Taiwan safer

In the era of US-China geopolitical competition, Joe Biden has been keen to ensure great power politics do not lead to uncontrollable escalation. Yet the trip to Taiwan by Nancy Pelosi, the speaker of the House of Representatives, is threatening to break what administration officials call “guardrails”. She is the highest-ranking member of Congress to visit the island since 1997.

The move, which is a welcome and a bold assertion of democratic principle to Pelosi’s supporters, has certainly rattled Beijing in a politically sensitive year for China’s ruling Communist party. Xi Jinping is expected to be anointed for an extraordinary third term in the party’s five-yearly congress in the next few months. It also comes as the People’s Liberation Army is celebrating the 95th anniversary of its founding.

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Nancy Pelosi arrives in Taiwan as China puts military on high alert

People’s Liberation Army announces targeted military operations as it calls visit a ‘malicious provocation’

Nancy Pelosi has landed in Taiwan for a controversial visit to the self-ruled island, offering “unwavering commitment” to supporting its democracy as already heightened tensions with China escalate.

Timed with her arrival, China’s ministry of defence said the People’s Liberation Army (PLA) had been put on “high alert” and announced a series of targeted military operations, including missile tests in the waters east of Taiwan and drills encircling the main island for four days after Pelosi leaves.

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US says Beijing has no reason to turn Pelosi’s expected Taiwan visit into a ‘crisis’

National security council says speaker has ‘right to visit’ after China warns its military would ‘not sit idly by’

The US national security council (NSC) has insisted that House Speaker Nancy Pelosi “has the right to visit Taiwan”, amid reports that she will be landing on the island on Tuesday – a move that China has vowed to respond to forcefully.

Speaking at a press conference in Washington on Monday, NSC spokesman John Kirby said Pelosi has visited Taiwan before “without any incident”.

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British MPs plan visit to Taiwan as tension with China simmers

Exclusive: Tom Tugendhat likely to lead trip later this year as London’s relationship with Beijing deteriorates

Britain’s House of Commons foreign affairs committee is planning a visit to Taiwan later this year – probably in November or early December – despite rising tensions in the region, the Guardian has learned.

Sources say the trip – which was originally scheduled for early this year but was postponed due to one member of the delegation testing positive for Covid – was intended to show Britain’s support for the democratically run island, which China considers its own.

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New Zealand will continue to cooperate with ‘more assertive’ China, Ardern says

Despite their differences the nations have shared interests, Jacinda Ardern says as she plans trip to China

New Zealand will continue to cooperate on “shared interests” with China, even as tensions increase in the region and China grows “more assertive in the pursuit of its interests”, Jacinda Ardern has said.

Speaking to the China Business Summit in Auckland on Monday, the prime minister said she was planning a trip to China “to seize new opportunities for dialogue,” support the trade relationship, and further cooperate on the climate crisis.

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Australia urged to prove it is a safe nuclear custodian as Aukus comes under scrutiny at UN

Non-nuclear state Australia’s handling of nuclear-powered submarines will have to be ‘impeccable’, Australia Institute says

Australia needs to step up in the fight to stop nuclear conflict, and to prove to the world it is a safe nuclear custodian, a new report argues.

The report by the Australia Institute comes ahead of a major global conference that starts on Monday in New York, where Australia’s Aukus submarine deal will come under scrutiny.

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China’s factory activity shrinks amid Covid disruption

Sharpest contraction is in energy-intensive industries, such as petrol, coking coal and ferrous metals

China’s factory activity unexpectedly shrank in July as sporadic Covid outbreaks disrupted the sector and the slowing global economy weighed on demand.

The official manufacturing purchasing managers’ index (PMI) fell to 49.0 in July from 50.2 in June, China’s National Bureau of Statistics said on Sunday. That was weaker than forecast, below the 50-point mark separating expansion from contraction.

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Nancy Pelosi begins Asia trip but does not mention Taiwan

Reports that House speaker could visit Taiwan have riled China; analysts say she may yet do so in unofficial capacity

The US House speaker, Nancy Pelosi, has begun a tour of Asia but questions remain over whether it will include a stop in Taiwan.

In a press release on Sunday, Pelosi said a delegation would travel to the Indo-Pacific “to reaffirm America’s strong and unshakeable commitment to our allies and friends in the region”.

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China conducts military exercises off Taiwan after warning Pelosi to scrap visit

PLA carries out ‘live-fire exercises’ after US House Speaker Nancy Pelosi told not to visit the island democracy

China said it was conducting military exercises off its coast opposite Taiwan after warning Nancy Pelosi, the Speaker of the US House of Representatives, to scrap possible plans to visit the island democracy.

The ruling Communist party’s military wing, the People’s Liberation Army (PLA), was conducting “live-fire exercises” near the Pingtan islands off Fujian province from 8am to 9pm, the official Xinhua news agency said. The Maritime Safety Administration warned ships to avoid the area.

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‘Logic of brute force’ is rising in Indo-Pacific, says Japan amid China concerns

Japan’s foreign minister tells Washington audience world at ‘historical crossroads’ and that Russian invasion of Ukraine must not succeed

Japan’s foreign minister, Yoshimasa Hayashi, has sounded the alarm about China’s behaviour in the Indo-Pacific during a visit to Washington, saying the “logic of brute force” was gaining more traction over the rule of law in the Indo-Pacific.

Referring to Chinese and Russian joint bomber flights near Japan in May, Hayashi said stronger military coordination between China and Russia was emerging as a security concern. “We are currently standing at a historical crossroads, one fraught with a sense of crisis,” he told the Centre for Strategic and International Studies thinktank on Friday. “We are facing a watershed moment.

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As more space junk falls to Earth, will China clean up its act?

Parts of a 23-tonne piece of rocket will come crashing down – somewhere – in the next few days

In the next few days, a 23-tonne piece of rocket will plummet to Earth at about 15,000 miles an hour. Much of it may burn up on re-entry, but a significant amount will not.

It could land as one piece but more probably as many, scattered over an area up to several hundred miles across. Scientists have narrowed down the likely impact zone to within the latitudes of 41 degrees north and 41 degrees south, a region covering much of the US and South America, Africa, the Middle East, most of Asia, and all of Australia except the island of Tasmania.

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Xi Jinping tells Joe Biden not to ‘play with fire’ over Taiwan in two-hour call

US president reiterates opposition to undermining peace in Taiwan amid tension over potential Pelosi trip

The Chinese president has warned Joe Biden against “playing with fire” over Taiwan in a highly anticipated phone call that lasted more than two hours on Thursday, as tensions remain high over the House speaker Nancy Pelosi’s possible trip to the island next month.

“Those who play with fire will be perished by it. It is hoped that the US will be clear-eyed about this,” said Xi Jinping, according to a Chinese statement. He also urged the US to implement the three joint communiques that serve as the foundation for relations between the two countries “both in word and in deed”. Xi vowed “resolutely” to safeguard China’s national sovereignty and territorial integrity and said this is “the firm will of more than 1.4 billion Chinese people”.

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Pelosi’s Taiwan trip plan apparently confirmed by US lawmakers

US-China tension rising as Michael McCaul and Anna Eshoo say they were invited to travel with House speaker

Nancy Pelosi has invited senior lawmakers to join her on a trip to Taiwan, according to a member of the House foreign affairs committee, providing the first apparent confirmation of the widely speculated visit.

The potential visit by the US House speaker to Taiwan is at the centre of spiralling tensions involving the island, China and the US, which analysts fear are at their most dangerous point in decades.

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Asia’s richest woman loses half her $24bn fortune in China property crisis

Yang Huiyan, a majority shareholder in Chinese property giant Country Garden, saw net worth plunge to $11.3bn in a year

Asia’s wealthiest woman has lost more than half her fortune over the past year as the crisis engulfing China’s real estate sector continues to worsen, a billionaire index showed on Thursday.

Yang Huiyan, a majority shareholder in China’s biggest property developer Country Garden, saw her net worth plunge by more than 52% to $11.3bn from $23.7bn a year ago, according to the Bloomberg Billionaires Index.

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China’s targeting of Australian military planes ‘aggressive and irresponsible’, US says

Defense department’s Ely Ratner says such incidents represent ‘one of the most significant threats to peace and stability in the region’

China’s targeting of Australian military planes was “aggressive and irresponsible”, the United States Department of Defense says, and it “represents one of the most significant threats to peace and stability in the region”.

In comments released on Thursday morning, the US defense department’s Ely Ratner said Chinese aggression in the Indo-Pacific was an attempt to challenge the rules-based order and assert greater control in the area.

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‘Nancy, I’ll go with you’: Trump allies back Pelosi’s proposed Taiwan visit

Mike Pompeo and Mark Esper support visit to ‘freedom-loving Taiwan’ but Biden concerned any trip would antagonise Beijing

Plans for Nancy Pelosi, the US House speaker, to visit Taiwan have prompted opposition from China and the American military but support from Republicans in Washington, including former members of the Trump administration.

Trump’s second secretary of defense, Mark Esper, told CNN: “I think if the speaker wants to go, she should go.”

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IMF slashes global growth forecast as top three economies ‘stall’

Problems in the US, China and eurozone will result in first contraction since start of pandemic, report says

The International Monetary Fund has slashed its growth forecasts for the next 18 months after warning that the world’s three biggest economies are all stalling and inflation is higher than previously forecast.

In a downbeat update to its April world economic outlook (WEO), the IMF said problems in the US, China and the eurozone had resulted in global output falling in the second quarter of this year – the first contraction since the start of the Covid-19 pandemic.

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Blackouts in China as heatwave pushes electricity usage to record levels

High temperatures expected to continue for at least another week with more than 300 cities forecast to reach 35C

A long-running heatwave in China has pushed electricity usage to record levels in some areas and led to blackouts, with warnings that the high temperatures are expected to continue for at least another week.

More than 300 cities were forecast to reach temperatures above 35C on Tuesday. China Southern Power Grid Company said Monday’s usage had surpassed last year’s peak load by 3%. The Guangdong province power grid also hit a record high, reaching 142m kilowatts, an increase of 4.89% over last year’s peak load. Blackouts were reported in the provincial capital, Guangzhou, which has recorded a full week of maximum temperatures above 37C, including highs of 40C on Sunday and Monday.

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Sunak ruse aims to outmanoeuvre Truss over China

Analysis: claims by ex-chancellor about Foreign Office weakness towards Beijing look like an attempt to head off a similar attack on him

Rishi Sunak’s pre-emptive strike attacking Liz Truss over alleged Foreign Office pusillanimity towards China looks to have been a daring attempt to fend off an imminent assault from his Tory leadership rival.

But it locks the contestants into a potentially uncontrollable dogfight as they seek to prove their credentials as the truer enemy of authoritarianism.

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