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China Launches Coastal Drills and Sanctions Foreign Ministers Over Taiwan
Read this in the Market Flux appChina escalated pressure over the Taiwan issue on multiple fronts this week, conducting live-fire military drills along its coast while simultaneously imposing diplomatic countermeasures on officials from Paraguay and Belize. Taiwan's Defense Minister Wellington Koo confirmed that the island's military is closely monitoring the exercises, which began Thursday and are scheduled to run all week. Taiwan interprets the drills as likely firing exercises by coastal artillery and related units, while Beijing framed them as a deterrent against "Taiwan independence" moves and outside interference.
Separately, China's Foreign Ministry announced targeted countermeasures against the foreign minister of Belize and the communications and technology minister of Paraguay, effective October 12, in response to those officials' positions on the Taiwan issue. The measures include visa bans and restrictions on cooperation with Chinese organizations and individuals. Both Paraguay and Belize maintain formal diplomatic ties with Taiwan rather than Beijing, making their ministers recurring targets of Chinese pressure.
Adding to the broader picture of constraints on Beijing's posture, a Financial Times analysis noted that China's growing debt burden is limiting the fiscal space available for economic stimulus, a factor that shapes the broader context in which China pursues its assertive regional policies.
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- PiQMarketsTaiwan closely monitoring Chinese live-fire drills Taiwan's military is closely monitoring a series of Chinese live-fire drills along China's coast this week, according to Defense Minister Wellington Koo. The drills, which began Thursday and are scheduled to last all week, are seen by Taiwan as potential firing exercises by coastal artillery and related units. China stated the exercises are meant to deter "Taiwan independence" moves and outside interference.
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