Massive escalation between U.S. and China over House of Representative Speaker, Nancy Pelosi's visit to Taiwan. According to reports, Nancy Pelosi will spend Tuesday night in Taipei despite warnings from Beijing. China has reacted sharply to Pelosi's visit, warning Washington of 'very serious consequences. The U.S. on the other hand said that 'it will not be intimidated by the Chinese threats'. As per the Nikkei Asia report, the U.S. has shifted its aircraft carrier & large planes closer to Taiwan to create a buffer zone for Pelosi's flight.
