"The Potential $10 Trillion Impact of a Chinese Invasion of Taiwan on the Global Economy"

Bloomberg Economics estimates that a potential Chinese invasion of Taiwan could cost the world economy around $10 trillion, equivalent to about 10% of global GDP. Despite rising tensions and Taiwan's upcoming election, few believe an invasion is imminent, with doubts about the Chinese military's readiness and President Xi Jinping's ability to wage a successful campaign. Tensions between Beijing and Washington persist, but some easing was seen at a recent summit between President Joe Biden and Xi.