{"id":2010174,"date":"2023-08-23T23:40:02","date_gmt":"2023-08-24T03:40:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/economic-crisis-may-expedite-beijings-timeline-for-attacking-taiwan-rep-gallagher\/"},"modified":"2023-08-23T23:41:38","modified_gmt":"2023-08-24T03:41:38","slug":"economic-crisis-may-expedite-beijings-timeline-for-attacking-taiwan-rep-gallagher","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/economic-crisis-may-expedite-beijings-timeline-for-attacking-taiwan-rep-gallagher\/","title":{"rendered":"Economic crisis could hasten Beijing&#8217;s Taiwan attack plan: Rep. Gallagher"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">20<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Feconomic-crisis-may-expedite-beijings-timeline-for-attacking-taiwan-rep-gallagher%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2010174&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div data-post-content=\"true\" class=\"post_content\" id=\"post_content\">\n<h2>The\u2063 Impending Economic Storm in China Could Accelerate Beijing&#8217;s Timeline \u2063for Mounting an\u2063 Invasion of Taiwan<\/h2>\n<p>House China Committee Chairman\u200b Rep.\u2063 Mike Gallagher (R-Wis.) warns that the economic crisis in China could push Beijing\u2063 to take action against\u2063 Taiwan \u2063sooner\u200d than \u2063expected.<\/p>\n<p>The property sector, which drives\u200d the\u200b world&#8217;s\u2062 second-largest \u200beconomy, is currently facing a severe crisis as <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/economic-crisis-may-expedite-beijings-timeline-for-attacking-taiwan-rep-gallagher\/\" title=\"Economic crisis could hasten Beijing's Taiwan attack plan: Rep. Gallagher\">major\u2064 players struggle<\/a>\u200b to pay off debts. Additionally, China&#8217;s demographic challenges, exacerbated by <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/china-banks-may-face-350-billion-in-losses-from-property-crisis\/\" title=\"China Banks May Face 0 Billion in Losses From Property Crisis\">high youth unemployment<\/a>, have created \u2064a volatile situation.<\/p>\n<p>According to Mr. Gallagher, the visible signs of this crisis may prompt the ruling Chinese \u200dCommunist Party (CCP) and its leader, Xi Jinping, to become more aggressive in the near future.<\/p>\n<blockquote>\n<h3>Related\u2063 Stories<\/h3>\n<ul>\n<li><a href=\"http:\/\/www.theepochtimes.com\/article\/chinas-economy-in-grave-danger-as-growth-engines-stall-options-dwindle-2-post-5477403\">China&#8217;s Economy in \u2062Grave Danger as Growth Engines Stall, Options Dwindle<\/a> (8\/23\/2023)<\/li>\n<li><a href=\"http:\/\/www.theepochtimes.com\/china\/us-commerce-secretary-raimondo-to-visit-china-next-week-for-talks-5478482\">US Commerce\u2063 Secretary Raimondo to Visit China Next\u200b Week for Talks<\/a> \u2064 (8\/23\/2023)<\/li>\n<\/ul>\n<\/blockquote>\n<p>Mr. Gallagher believes \u200dthat \u2063Xi Jinping may expedite \u2064his plans to forcefully take Taiwan to divert attention from internal economic issues\u200c and seize a unique opportunity. He warns\u200d that the world has entered a\u200b period of maximum danger regarding a potential conflict over Taiwan.<\/p>\n<div>\n<figure style=\"width:600px\" class=\"alignnone\"><figcaption>A Chinese\u200b warship fires at a target during a\u200c <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/north-korea-issues-warning-to-united-states-refrain-from-causing-a-stink\/\" title=\"North Korea Issues Warning To United States: \u2018Refrain From Causing a Stink\u2019\">military drill<\/a> near Fuzhou, Fujian Province, near the Taiwan-controlled \u200cMatsu Islands that are close to the Chinese\u2064 coast, China, on April 8, 2023. (Thomas Peter\/Reuters)<\/figcaption><\/figure>\n<\/p><\/div>\n<p>The CCP has always \u200bexpressed its desire \u200bto take control \u2063of Taiwan, and tensions have been escalating in recent years. Chinese warplanes frequently \u200bfly near\u2064 the Taiwan Strait, and the situation has intensified \u200dafter the Taiwanese vice president&#8217;s visit to the United States.<\/p>\n<p>If Taiwan\u2064 were to fall \u200binto Beijing&#8217;s \u200dhands, it would have severe consequences for the global economy. Taiwan is a semiconductor superpower \u2062and a crucial supplier of sensitive U.S.\u2064 <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/u-s-government-flags-more-than-500-scientists-in-u-s-that-might-be-compromised-by-communist-china\/\" title=\"U.S. Government Flags More Than 500 Scientists In U.S. That Might Be Compromised By Communist China\">military technology<\/a>.<\/p>\n<p>Mr. Gallagher emphasizes that the \u200bUnited States is currently ill-prepared for a potential conflict. The country&#8217;s weapon stockpiles are dangerously low, making it \u200cdifficult to defend Taiwan.<\/p>\n<p>He urges the need to prevent Xi Jinping from believing that an invasion of Taiwan is achievable. Economic pressure on China must be \u2063maintained, and\u200d there should be no talk\u2063 of a\u200b bailout.<\/p>\n<h2>&#8216;Subsidizing Our Own Destruction&#8217;<\/h2>\n<div>\n<figure style=\"width:600px\" class=\"alignnone\"><figcaption>Young Socialists Switzerland (JUSO) activists take\u2064 part in a protest against U.S. investment company BlackRock calling for a climate tax on the \u2064rich, on the eve of the WEF annual meeting\u2062 in Davos, on Jan. 15, 2022. (Fabrice\u2063 Coffrini\/AFP via Getty Images)<\/figcaption><\/figure>\n<\/p><\/div>\n<p>The House\u2062 Select \u2062Committee\u2064 on\u2062 the CCP has \u2063launched an investigation \u200binto BlackRock and MSCI, two companies that have directed blacklisted Chinese entities. Mr.\u2064 Gallagher highlights the concerning \u200binvestment in military-linked Chinese genetic firm BGI Genomics, which is involved in forced labor abuses.<\/p>\n<p>He argues that allowing American money to invest\u200c in such companies is subsidizing the nation&#8217;s own destruction. While some action has \u2064been taken to halt investments, the extent of <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/us-sen-cruz-biden-showed-weakness-emboldened-hamas\/\" title=\"US Sen Cruz: Biden Showed 'Weakness,' Emboldened Hamas\">money flowing<\/a> into China remains largely unknown.<\/p>\n<div>\n<figure style=\"width:600px\" class=\"alignnone\"><figcaption>Police officers detain a protester during\u200d a demonstration inside a mall\u200d in Hong Kong \u2064on Dec. 15, 2019. (Reuters\/Danish Siddiqui)<\/figcaption><\/figure>\n<\/p><\/div>\n<p>Mr. Gallagher urges U.S. investors to\u2062 recognize the risks and \u200dunderstand that they are dealing with an increasingly hostile regime. He warns that the Chinese Communist Party \u200bthreatens war in the near\u200c term and aims to dominate the globe in the long term.<\/p>\n<p>As Commerce Secretary Gina Raimondo prepares for\u2064 her\u2064 trip to China, Mr. \u200dGallagher cautions against \u200bjoining any agreements\u200d that could compromise U.S. interests.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The economic storm in China may hasten Beijing&#8217;s plan to invade Taiwan, cautions Rep. Mike Gallagher. The property sector, driving the second-largest economy, faces a deepening crisis as major players grapple with debt repayment. Additionally, concerns arise about the situation&#8217;s impact on global markets.<\/p>\n","protected":false},"author":1317,"featured_media":2010175,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[543],"tags":[],"class_list":["post-2010174","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-epoch-times"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2010174","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1317"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2010174"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2010174\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2010175"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2010174"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2010174"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2010174"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}