Beijing is ‘very interested’ in preparing for sanctions as it vows ‘resolute countermeasures’ to US arms approval to disputed territory

Summary

China has sent officials to Russia to study the effects of Western sanctions, aiming to prepare for potential sanctions if it invades Taiwan.

Beijing’s task force, created after Russia’s 2022 invasion of Ukraine, analyzes sanctions’ impacts and strategies like reserve diversification and de-dollarization.

Concerns over $3.7 trillion in Chinese overseas assets are driving these efforts.

The growing ties between China and Russia include Chinese companies aiding Russia’s war efforts.

  • alcoholicorn@lemmy.mlEnglish
    724·
    17 days ago

    With Biden ramping up the trade war and a second Trump presidency on the horizon, it would have been dumb not to study how to prepare for sanctions.