• Bloomberg

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Forget steel and intellectual property. The biggest potential flashpoint between U.S. President Donald Trump and Chinese President Xi Jinping is an island of 23 million people sitting off China’s coast.

Even as global investors shift from worrying about a second Korean conflict to a potential China-U.S. trade war, decades-old disagreements over democratically run Taiwan are simmering. For China, at least, that is a more serious concern.

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