China

China’s 20th Party Congress concluded on October 23, and President Xi Jinping secured a norm-breaking third term as leader of the Chinese Communist Party (CCP). With the Politburo Standing Committee stacked with close confidants and dissent virtually wiped out, Xi is the strongest he has ever been. Xi has also redoubled the Party’s commitment to taking the island of Taiwan, by force if necessary. Secretary of State Antony Blinken recently said that China “was determined to pursue reunification on a much faster timeline.” The alarm has been repeatedly sounded by American military officials, with speculation that a Chinese invasion of Taiwan could occur as soon as 2023.

In April 2022, six weeks after Moscow’s invasion of Ukraine, President Biden signed legislation to suspend Russia’s Permanent Normal Trade Relations (PNTR) status. “Revoking PNTR from Russia,” he said, “is going to make it harder for Russia to do business with the United States… The free world is coming together to defeat Putin.” PNTR status, also known as Most Favored Nation (MFN) status, is a designation granted among World Trade Organization members. Receiving nations are awarded all trade advantages that any other nation receives. Revoking PNTR status from Russia was a strategic move. It opened the door to deliver comprehensive economic strikes against Moscow and sent a clear signal to markets.

There is a joke in Taipei that if China invades Taiwan the best place to shelter is in microchip factories, the only places the People’s Liberation Army can’t afford to destroy. The country that controls advanced chips controls the future of technology — and Taiwan’s chip fabrication foundries (“fabs”) are the finest in the world. Successful reunification between the mainland and its renegade province would give China a virtual monopoly over the most advanced fabs. Given that Xi Jinping has made clear his intention to take control of Taiwan by 2032, it is no wonder that the American government is worried about the concentration of cutting-edge semiconductor technology on the island.

In becoming the highest-ranking American politician to visit Taiwan in a quarter-century, House Speaker Nancy Pelosi has become the dominant foreign affairs news story of the month, eclipsing, if briefly, Russia’s war in Ukraine. Yet beyond all the sound and fury, Pelosi’s trip changed nothing in the cross-Strait balance of power. What it did was to legitimize the “mission creep” bringing Taiwan and America closer together. Both supporters and critics of the trip were quick to invest Pelosi’s visit with major symbolic significance.

House speaker Nancy Pelosi has always had a flair for the dramatic. During the Trump presidency, for example, she ostentatiously tore up his State of the Union speech. But for sheer spectacle, it will be hard for Pelosi to top her “will she, won’t she” visit to Taiwan this week. In spite of the suspense, there was never really any doubt about it. For weeks China has issued dire warnings about the perils of her visit. So, as it happens, have several commentators, including The Spectator’s Freddy Gray, whom I debated on the Americano podcast, and who seems to have a bad case of the collywobbles about the Pelosi trip.

The Biden administration is increasingly concerned about a trip to Taiwan next month by House Speaker Nancy Pelosi. And they should be. The visit is pointlessly provocative for little gain. Pelosi would do well to remember the Chinese proverb: "Always know if the juice is worth the squeeze." The domestic political juice is charm points for Pelosi from her large, pro-Taiwan constituency back home as she runs for reelection. A third of Pelosi’s congressional district is Asian-American and taking on Big China has long been a major part of her political identity. She, for example, made a public show out of meeting with pro-democracy protesters from Hong Kong and urging a boycott of the 2022 Winter Olympics in Beijing.