US-China friction over Taiwan likely to have worrying impacts on global stability.

Taiwan rejects the “one country, two systems” model proposed by Beijing in a white paper published this week, the self-ruled island's foreign ministry said on Thursday.

It could lead to an unimaginable catastrophe that the world can’t afford

Several Taiwan media outlets reported late on Monday that U.S. House of Representatives Speaker Nancy Pelosi will visit Taiwan on Tuesday and spend the night in Taipei, citing unidentified sources.

Taiwan is a part of China and no one can change that, Chinese Defense Minister Wei Fenghe said on Wednesday during a rare phone call with U.S. Defense Secretary Lloyd Austin, according to a statement from Beijing.