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The US voted a bill supporting Taiwan. China defends as usual the same "Only one China" principle, so for them other countries should deal with Beijing, not Taiwan. So China answers by saying "Don't mess with our business".

That's it. No Cold War, no intention of invading other countries (especially not Canada...). Just "Take care of your own business".

No reason yet for it to go too far, and the only people who could worry about this are Taiwanese.

poklane said: 
Taiwan should just declare independence already. Them still claiming mainland China (and other territories as well) is just ridiculous, the civil war ended 68 years ago, it's time to let it go.

This possibility is the main reason for China's speech (US support could lead to that). It would be the worst possible thing in this situation, and China could possibly invade Taiwan quickly. It's not about Taiwan thinking that they own mainland China, it's about mainland China being convinced that they own Taiwan. I hope Taiwan won't try anything too crazy, the Korean situation got better lately, it would be great not to get a Taiwan incident now...