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VisitChina Begins Joint Sword-2024A Military Drills Surrounding Taiwan from May 23 to 24
May 23, 2024, 12:44 AM
China has initiated extensive military drills surrounding Taiwan, involving the Eastern Theater Command of the People's Liberation Army (PLA). The exercises, named Joint Sword-2024A, began at 7:45 a.m. on Thursday, May 23, and are set to continue until Friday, May 24. The drills are being conducted in the Taiwan Strait, as well as the north, south, and east of Taiwan Island, and around the islands of Kinmen, Matsu, Wuqiu, and Dongyin. These maneuvers come just days after Lai Ching-te was inaugurated as the new president of Taiwan. Chinese officials have stated that the drills serve as a 'strong punishment' for 'separatist acts' and a warning against interference from external forces. Taiwan's military has responded by deploying sea and air forces to ensure the island's defense.
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Markets
Yes • 50%
No • 50%
Official statements from the US and Chinese governments, major international news sources
No • 50%
Yes • 50%
Taiwan government budget reports, major news sources
No • 50%
Yes • 50%
UN official announcements, major international news sources
Increase in trade security measures • 33%
Decrease in trade volume in the region • 33%
No significant change in trade patterns • 34%
Trade data reports, major economic news sources
Direct talks between China and Taiwan • 25%
Mediated talks through another country or organization • 25%
No talks initiated • 25%
Informal backchannel talks • 25%
Official announcements from involved parties, major international news sources
No significant international response • 34%
Condemnation by multiple countries • 33%
Support from allies of China • 33%
Official government statements, major international news sources