China has intensified military activity around Taiwan, seeking to pressure the democratically elected government to accept Chinese sovereignty.
Meanwhile, US government officials are warning China not to take escalating measures, stressing that US House Speaker Nancy Pelosi’s possible visit to Taiwan would not mark a change in US foreign policy.
Pelosi’s likely visit has heightened tension between the countries, knocking global markets down. Asian stocks fell across the board on Tuesday (2), with the bad mood spreading to the American and European markets.
According to experts, the conflict between China and the USA could impact Brazil, with the rise in the dollar and the fall in commodities.
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*Posted by Fabricio Julião, from CNN Brasil Business
Source: CNN Brasil
