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Yellen highlights U.S.-China divide over Taiwan status
Amid growing tensions between the U.S. and China, U.S. Treasury Secretary Janet Yellen revealed that there is a significant divide between U.S. President Joe Biden and Chinese President Xi Jinping regarding the global status of Taiwan. Despite the U.S. officially recognizing the Chinese Communist Party as the sole government of China, it maintains that Taiwan is an autonomous territory. The deadlock between Biden and Xi on the "Taiwan issue" could have severe military consequences, as China has deployed warships, drones, and bombers near Taiwan. Concerns are rising that this intimidating activity could lead to a head-on confrontation and spark a full-scale conflict. To address the risks, Biden proposed a $105 billion assistance package, including nearly $2 billion for security measures in Taiwan and the broader Indo-Pacific region.2023/11/22 20:29