Current Events

Current+Events

     As the school year powers forward, it can be difficult to stay up to date on what’s happening in the wider world. However, it is important to do so. Here is a cursory overview of some of the important events in the world right now.

     China has the second-largest economy on Earth, making it an essential part of the world’s supply chain. This makes the power shortage and supply chain issues it is experiencing not only problematic for the country, but for the entire world. This issue is made even more problematic by timing, as the world’s economy has been making a resurgence post-pandemic, but this is now largely slowed. The tensions between the US and China, the blockage of the Suez Canal earlier this year, dislocations in every area of the chain, and most of all the pandemic have all led to the supply chain issues, as well as something new. China is now experiencing a power shortage that is exacerbating this issue even further.

     Even during this power shortage, China has been involved in another newsworthy problem. Their government has claimed that the presence of American and Canadian warships in the Taiwan Strait threaten peace and stability in the region. While the US recognizes China’s claim to Taiwan as their territory, they also claim that “Dewey’s and Winnipeg’s transit through the Taiwan Strait demonstrates the commitment of the United States and our allies and partners to a free and open Indo-Pacific.” This has caused even greater tension between these world powers. However, for now there has been no shooting and no Chinese aircrafts in Taiwanese airspace.