Taiwan strike would come with heavy costs for Beijing: Report

January 7, 2026

Nikkei Asia: When it comes to analyzing a conflict in the Taiwan Strait, most think tank reports and war games focus on U.S. shortcomings in defending Taiwan. But a new report from the German Marshall Fund of the United States (GMF) argues that analysts have overlooked a critical dimension of deterrence: the consequences for China if such a conflict were to begin — and especially if it were to fail…