What would be the economic cost of a true Taiwanese crisis?

As larger and more intense Chinese military exercises around Taiwan become the new norm, there are growing concerns that a miscalculation could lead to a full-scale crisis in the strait with potentially consequences not only military but also large-scale economics.

The heightened risks were again on display when China held new military drills around the self-governing island on Monday, slamming another unannounced two-day visit by US lawmakers to Taipei following a similar trip by the US House Speaker Nancy Pelosi earlier this month. which sparked a furious response from Beijing.

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