US ambassador to meet Taiwan's President

News is crossing the wires that the US ambassador is planning to meet Taiwan's President on Thursday.

As stated by the BBC, China considers Taiwan as a breakaway province that will eventually be part of the country again. As such, the US move could irritate Beijing, ratcheting up the US-China tensions and could lead to risk aversion. 

"We wish to remind the United States that whoever plays with fire will burn himself. The United States will pay a heavy price for its wrong action," China said over the weekend.