After last week’s dubious piling on by the leftist media following Donald Trump’s call with the president of Taiwan, the water is heating up in international relations between the U.S. and China.
And China’s response to Trump comes across as a veiled threat.
Here’s more from Newsmax:
hina warned Donald Trump against using the One-China policy regarding Taiwan as a bargaining chip in trade talks, a swift response that indicates Beijing is losing patience with the U.S. president-elect as he breaks with decades of diplomatic protocol.
“Adherence to the One-China policy is the political bedrock for the development of the China-U.S. relationship,” Foreign Ministry spokesman Geng Shuang told reporters in Beijing at a regular briefing on Monday. “If it is compromised or disrupted, the sound and steady growth of the China-U.S. relationship as well as bilateral cooperation in major fields would be out of the question.”
Trump said in an interview broadcast on Sunday that his support for the policy — which has underpinned U.S. behavior toward Taiwan since the 1970s — will hinge on cutting a better deal on trade. He has repeated his accusations against China since election day, telling a crowd in Iowa last week that China would soon have to “play by the rules.”
Policy makers in Beijing initially had a more subdued response after Trump departed from diplomatic convention earlier this month and spoke by phone with Taiwan’s president. Now things are getting more serious: the official Xinhua News Agency warned that world peace hinges on close and friendly ties between the U.S. and China.
“For China, there is no balancing of trade and Taiwan,” said Wang Tao, head of China economic research at UBS AG in Hong Kong. “Taiwan is considered the utmost core interest of China, not for bargaining.”
The Shanghai Composite Index sank 2.5 percent on Monday, the yuan fell toward an eight-year low and Chinese government bonds tumbled. Analysts cited Trump’s comments on the One-China policy among a long list of reasons for the selloff. Taiwan’s benchmark Taiex index slipped 0.5 percent on Monday.