Dozens of ships forced to avoid the Taiwan Strait, used by almost half of the world's container ships as well as 88 per cent of the largest ships. Air traffic has also been affected. Japan reported that four missiles fired yesterday by China flew over the Taiwanese capital.
The launch of Dongfeng missiles as part of China’s military drills is a response to Nancy Pelosi's visit to Taiwan. Beijing has added another zone of operation to the exercises. One zone overlaps with Japan's exclusive economic zone, which China does not recognise.
Beijing announced four days of military drills near the "rebel" island, encroaching on Taiwanese territorial waters in three areas. Pelosi’s quick visit put Xi Jinping in an uncomfortable position, appeasing Chinese nationalists at the risk of causing an escalation.
The chairman of TSMC, the world's leading semiconductor manufacturer, warns of potential turmoil as tensions rise over Nancy Pelosi's possible visit to Taipei. Should the operations of the Taiwanese company be blocked, China's most advanced technologies would become useless.
At the end of last year, most of the world’s 53 new nuclear reactor projects concerned Asia. Construction time is decreasing. Growth is driven by China, followed by India, Japan and South Korea.
According to the Chinese, the document denigrates their government's military policy. Japan aims for growth in military spending to 2 percent of GDP. Kishida administration: Russian attack on Ukraine risks becoming a precedent for Chinese aggression against Taiwan.
