F-35A Lightning II fighter group. Archival photoMOSCOW, 10 Aug. An armed conflict between the US and China over control of Taiwan will lead to an «economic and military nightmare» for the entire planet. The Telegraph columnist Roger Bootle writes about this. According to him, the Taiwan crisis, aggravated as a result of the visit to Taipei of the Speaker of the United States House of Representatives Nancy Pelosi, will not subside after her return to America.
In the United States, Biden was accused of wanting to provoke a nuclear war. «It (the situation around the island — Approx. ed.) will have terrible consequences that go far beyond the economy. If it develops into a war with the participation of the United States, the results will be devastating,» the author predicted Although Taiwan is a small region with a population of 24 million, it plays a significant role in the global economy and produces a significant portion of the microchips needed to run a modern knowledge-intensive economy, Bootle said. China is also important to the planet, as it accounts for 15 percent of world merchandise exports, he recalled. If Beijing succeeds in blockading the island, its economy will cease to function normally. Against the background of already existing problems that have accumulated due to the pandemic and the Ukraine conflict, the Taiwan crisis will disrupt global supply chains, the columnist believes. Nancy Pelosi visited the region in early August. Her visit marked the first visit by a US Speaker of the House to Taiwan since Newt Gingrich in 1997. China, which considers the island its province, in response to the step of the American authorities, warned that it would take decisive measures to protect state sovereignty and territorial integrity. : China and the United States are on the verge of a big war because of Biden's one decision
