China's response to Pelosi trip does not trigger crisis (yet)
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China's most intense military drills around Taiwan since 1995-96
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But telegraphed drills and little escalation from US implies no crisis (yet)
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A reminder of China's extreme sensitivity over Taiwan, but also that it is not reckless
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This report is independent investment research as contemplated by COBS 12.2 of the FCA Handbook and is a research recommendation under COBS 12.4 of the FCA Handbook. Where it is not technically a research recommendation because the subject of the research is not listed on any European exchange, it has nevertheless been treated as a research recommendation to ensure consistent treatment of all Tellimer's research. This report has been produced by the analyst(s) named above (the "Analyst").
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