News Snapshot:
The US strongly opposes a Taiwanese declaration of independence – and for good reason: almost all Chinese would regard it as a declaration of war on China. Such an event would be truly disastrous for the world, as it could easily escalate into a nuclear conflict. The Taiwan issue thus needs to be handled sensitively, with neither side seeking to heighten friction. China is at risk of falling into two traps: the middle-income trap and the Thucydides trap. As the political scientist Zheng Yongnian presciently observed in 2019, China is at risk of falling into two traps: the middle-income trap...
