In order of priority, I would prioritize Taiwan and cross-strait relations. Second, I would prioritize the instability that's occurring in Hong Kong. Third, I would prioritize increased presence of Chinese naval ships in the South China Sea, the potential declaration of what's called an “air defence identification zone”, and finally, some kind of potential friction between the Japanese and the Chinese over the Senkaku Islands in the East China Sea.
Taiwan has managed the COVID-19 crisis extremely well. They had a successful election in January. These are all challenges to the Communist regime in China, and it makes it more imperative, more than ever, to try to push reunification as soon as possible.
Hong Kong will have the 31st anniversary of the Tiananmen Square massacre this Friday, on June 4. I expect that there will be huge protests and violence commemorating the massacre but also protesting against the recently adopted national security act by the Chinese government. This will continue to be a problem. We're most likely going to see Chinese intervention in Hong Kong that will fundamentally disrupt Hong Kong's role as an international finance centre, going forward.
I'll finish with the South China Sea area. Again, China is expanding its presence in the South China Sea through consolidation of its territories or its artificial islands in the South China Sea. It is also deploying more and more resources on the surface of the South China Sea and on submarine and other resources to really dominate the underwater environment in the South China Sea.