Today’s episode is the second in a three-part series that examines the potential consequences for China if a military operation against Taiwan were to fail. In each of these episodes, we’re speaking with authors of a recently published German Marshall Fund study of the possible costs that China would incur across four different, but interrelated areas: the Chinese economy, the military, Chinese social stability, and international costs. Our podcast today focuses on the potential costs for domestic social stability. To recap, the study considered two scenarios occurring in the next five years. In the first scenario, a minor skirmish escalated into a multi-week maritime blockade of Taiwan by China. Although several dozen members of the Chinese and Taiwanese military were killed, U.S. intervention eventually forced China to de-escalate. In the second scenario, a conflict escalated into a full-fledged invasion, with Chinese strikes on not only Taiwan but also U.S. forces in Japan an...