2min chapter

Fareed Zakaria GPS cover image

Aid challenges for earthquake recovery and the fallout from China’s surveillance balloon

Fareed Zakaria GPS

CHAPTER

China and the Global Financial Crisis

During the 2008 global financial crisis, good relations with China helped Washington avert another great depression. As relations between Washington and Beijing have deteriorated, Beijing has moved rapidly to build up its nuclear arsenal. We face a long-term buildup of Beijing's military capability to invade or more likely blockade Taiwan.

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