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As Russia Wages War in Ukraine, Taiwan Fears China Invasion

Vladimir Putin’s brutal war on Ukraine continues to shock the world and move markets everywhere. These global tremors also highlight the difficult but crucial relationship between two non-combatants, the USA and China, who may one day face off over Taiwan. A conflict over Taiwan is the lightening rod that investors can no longer ignore. For Beijing views the self-ruled island off its southeast coast very much as Vladimir Putin sees Ukraine: sovereign territory that has broken away but must be returned to the motherland. And the USA will likely defend Taiwan against a mainland Chinese invasion. When US President Joe Biden flew to Europe on March 23, to meet allies and keep setting the agenda on the war in Ukraine, China’s perceived support for Russia’s war was expected to feature at all his meetings with the European Council, NATO and the Group of 7 nations. In Brussels, Biden reiterated his…