On the wires: Shadowboxing in the South China Sea
Geopolitical (and shipping-related) risk: be ready to play the long game.
Al Jazeera reports:
(Taipei says 25 Chinese air force aircraft entered Taiwan’s air defence identification zone and flew in an area close to the Pratas Islands on Monday.)
Twenty-five Chinese air force aircraft including fighter jets and nuclear-capable bombers entered Taiwan’s air defence identification zone (ADIZ) on Monday, the island’s government said, the largest reported incursion to date.
There was no immediate comment from Beijing.
The report comes after the United States State Department on Friday issued new guidelines that will enable US officials to meet ...