US and China at odds over Taiwan

CNBC November 20, 2023, 05:00 PM UTC

Summary: US Treasury Secretary Janet Yellen stated that US President Biden and Chinese President Xi Jinping remain at odds over Taiwan's status after their meeting at the Asia-Pacific Economic Cooperation conference. China insists on unification, while the US maintains Taiwan's self-governing status. Military tensions are rising, with US officials warning of a potential Chinese attack by 2027. The US proposed a $105 billion aid package, including $2 billion for Taiwan, despite risking relations with China.

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