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Ian Bremmer takes a look at the week's top stories in geopolitics.

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Ian Bremmer shares his insights on global politics this week on World In :60.

Are China's Taiwan war games losing their intimidation power?

No, I wouldn't say that. I would say that the response to a President Tsai meeting with Kevin McCarthy in California where no real news was made as opposed to a trip to Taipei is not as provocative, and so, therefore, China's response is not as provocative, and that was true both militarily, diplomatically, and economically in terms of very limited sanctions. And I think they're hitting the Reagan Library and the Hudson Institute, not a big deal. In other words, not meant to overly escalate, and I think that's good news on both sides, and what's otherwise not a very functional relationship politically right now.

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