As more and more intense Chinese military exercises around Taiwan become the new norm, there are growing concerns that a miscalculation could lead to a full-on-strait crisis with potentially far-reaching economic consequences.
After a trip by U.S. House Speaker Nancy Pelosi earlier this month, the increased risks were brought to the fore when China staged fresh military drills around the self-ruled island on Monday, which slammed a new two-day visit by U.S. lawmakers to Taipei that caused a furious response from Beijing.
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