Billionaire hedge-fund founder Ray Dalio said what’s happening between the US and China over Taiwan is following a “classic path to war”.
“If events continue to follow this path, this conflict will have a much larger global impact than the Russia-Ukraine war because it is between the world’s leading superpowers that are economically much larger and much more intertwined.” A People’s Liberation Army member watches military exercises, with Taiwan’s frigate Lan Yang in the background.In a LinkedIn post, Dalio said “the situation that now exists between the United States and China is very similar to that which existed between powers immediately prior to World Wars I and II and many other immediate prewar periods”.“Miscalculations due to misunderstandings when conflicts are transpiring quickly are dangerous.
writes on monetary policy, equities, commodities and currencies. He is the overnight markets editor and writes Before the Bell.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Pelosi’s ‘reckless’ Taiwan visit deepens US-China rupture – why did she go?The speaker insisted she was promoting democracy but critics suggest a last hurrah before she loses the gavel in November Because US Imperialism insatiable? Having dragged Australia into wars based on lies and faulty ideology, is the US the worst possible ally? It may have been reckless but it should not be. Only China’s reaction to the visit made it reckless. The sheer arrogance and inhumanity of China’s policy to Taiwan is evil. Xi ping together with Putin have no qualms inflicting untold misery upon millions.. They are truly evil. I thought she was invited, but I also heard that China fears Taiwan being used as a base to attack Chinese territory as the Japanese apparently did.
Source: GuardianAus - 🏆 1. / 98 Read more »
Pelosi’s ‘reckless’ Taiwan visit deepens US-China rupture – why did she go?The speaker insisted she was promoting democracy but critics suggest a last hurrah before she loses the gavel in November For access to chip making technology and facilities Because if keep cowering to bullies they never get put on notice they they are bullies !! Eg Putin in the Ukraine Not a mistake for Pelosi to visit Taiwan.
Source: GuardianAus - 🏆 1. / 98 Read more »
China to resume military drills off Taiwan after shelving US talksAnti-submarine attack and sea raid exercises begin, as Beijing maintains pressure on Taiwan’s defences
Source: GuardianAus - 🏆 1. / 98 Read more »
US, Australia will 'watch very carefully' as China-Solomons pact takes shape, senior Biden official saysUnited States Deputy Secretary of State Wendy Sherman has reassured the Pacific region the Biden administration is watching closely as the security pact between China and the Solomon Islands takes shape, warning a military base on the islands would 'create security concerns for all'. How would she know what Biden had in mind? DeputySecState It's a shame this interview was shrouded in so much diploma-speak. She should take a leaf out of Penny Wong's book and learn to speak non-inflammatory straight talking. pennywong Yes Chinaphobs justifying a visit to Asia that didn't include a visit to THE major player in Asia and the world ! A country that was born out of war and continues to meddle in other countries politics that does not mirror their own.
Source: abcnews - 🏆 5. / 83 Read more »
'Reversing right from wrong': China hits out at Australia for response to military drillsChina has accused Australia of making "unfair judgments" after both the foreign minister and defence minister criticised it for launching live-fire military drills in retaliation to US House Speaker Nancy Pelosi&x27;s trip to Taiwan. What the hell is wrong with this world, does everyone want a world war. FFS. None of y'all Aussies' business. Better use the same effort to rescue your own citizen Assange. Chinese missiles landed in Japanese waters, that is an act of War.
Source: 9NewsAUS - 🏆 10. / 72 Read more »
'Absolutely unacceptable': China warns Australia against involvement with TaiwanChina's embassy has taken aim at Australia, the United States and Japan, accusing them of 'finger pointing' amid growing tensions with Taiwan. Sabre rattling from an incompetent administration. Back in yer box, China. China's trade antics caused a pivot away from them by some businesses, farmer and suppliers. This results in a corresponding loss in soft power. The finger waving just doesn't carry the same weight it may once of had. C'est la vie... Unsurprising since China's list of what IS 'acceptable' is limited to: • Kiss CCP arse on command.
Source: abcnews - 🏆 5. / 83 Read more »