WeChat QR Code

Home>News Center

Pelosi’s trip to Taiwan is like ‘pouring salt in an open wound for China’, Stephen Roach says

2022-08-04 10:41:51       source:CNBC

August 3, 2022

House Speaker Nancy Pelosi’s trip to Taiwan ramps up U.S.-China tensions and risks pushing the countries further apart, according to one economist.

On Wednesday, the top U.S. lawmaker met Taiwan President Tsai Ing-wen in a highly controversial visit that has angered Beijing.

“We’re on a trajectory of escalating conflict and this will certainly make matters worse. It plays well to local politics in the United States and in Taiwan, but it does not play well to geostrategic forces that are pushing these two nations apart,” Stephen Roach, a Yale University senior fellow and former Federal Reserve economist, told CNBC’s “Street Signs Asia” on Wednesday.

Read more: