August 18, 2022

BREAKING: Taiwan Officials Say Pelosi “Definitely Coming” As China and taiwan Begins Closing Waters For New PLA Drills

PLA military on Monday issued a fresh propaganda video stating essentially ‘we’re ready for war’

Update(10: 55ET) :   The vast majority of breathless Western media reports about Nancy Pelosi’s now “ imminent” Taiwan visit are now being sourced to Taiwanese mass media and officials; and among Taiwanese outlets it seems to race is on to generate more and more specific detailed predictions.

For example , this is the latest away from Taiwan tabloid  ETtoday   – picked up by global news wires:   US House Speaker Nancy Pelosi will arrive at Songshan Airport Tuesday evening with 10: 30pm local time.

At the same time  The Wsj i s reporting Monday that “ she is definitely coming” – based on an unnamed source in touch with top  Taiwan officials :  

People who Mrs. Pelosi is going to meet with in Taiwan have already been informed of her impending arrival, this person stated, though some details stay in flux. Some of Ms. Pelosi’s meetings have been scheduled to get Tuesday evening, but most are set for Wednesday, the person said, adding that they include, but aren’t limited to, Taiwanese government officials. “ She’s definitely coming, ” the person said. “ The only real variable is whether she usually spends the night in Taipei. ”

And yet Pelosi himself – not to mention the White-colored House – could likely be very much on the fence given China’s military has ramped up threats, and is now on a war-footing, based especially on harsher quotes coming out in state media upon Monday…

China has additionally announced  closure of waters in the South China Sea  amid continuous PLA navy drills.

After weekend exercises, specifically in response to reports of a Pelosi Taiwan visit, more have been announced, set through Tuesday through Friday.

This as the USS Ronald Reagan carrier strike team continues to patrol waters near Taiwan – possibly getting ready to respond to any aggressive functions from China which could endanger a potential Pelosi visit to the self-ruled island.

Original article below:

US equity markets are usually accelerating their losses abruptly this morning (after briefly touching unchanged from overnight weakness) following headlines that House Speaker Nancy  Pelosi can be reportedly expected to land in Taiwan on Tuesday evening.

Liberty Times  reports,   citing people acquainted with the matter,   Pelosi plans to visit the Legislative Yuan and meet congress on Wednesday.

However , the US and Taiwan are  nevertheless preparing for last minute changes , the paper adds.

Futures were slipping already but the Pelosi head lines pushed them to overnight lows…

Bonds are bid with 10Y Yields tumbling back to unchanged…

The offshore Yuan also tumbled on the report…

Interestingly, crude prices are remarkably lower (after disappointing Tiongkok PMIs) and are accelerating decrease after the Pelosi-Taiwan headlines…

China meanwhile Monday once more warned its military will be prepared to take action if House Speaker Nancy Pelosi follows through on a landmark visit to Taiwan.

According to her published itinerary, which usually does not as yet name Taiwan – this could see the girl flying to Taiwan  after   the girl delegation visits Malaysia and just ahead of going to South Korea.

Amid Chinese PLA drills ongoing within regional waters, and with the USS Ronald Reagan carrier hit group also in the South China Sea,   Nikkei   writes that “ The U. T. military is moving possessions, including aircraft carriers and large planes, closer to Taiwan  ahead of an anticipated but unconfirmed visit to the island by House Loudspeaker Nancy Pelosi. ”

The PLA military also on Mon issued a fresh propaganda video clip saying essentially ‘ we are going to ready for war’ – constant with  prior text messages circulating   upon official Chinese military channels…

As FT notes  additionally   associated with PLA muscle-flexing as a caution to Pelosi: “ China’s PLA also on Sunday carried out live-fire exercises in Pintang, a coastal region in south-eastern Fujian province about 125km from Taiwan. State media also transmitted footage of a Chinese destroyer firing its weapons within the South China Sea, through which the USS Ronald Reagan aircraft carrier group is usually believed to be sailing after visiting Singapore. ”

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