Apparently, liberation of the Chinese people of the fake country of Taiwan is coming soon, and the folks who run real China are just working out the details.
China now knows exactly all of the tools in the US playbook in terms of a sanctions regime.
The Chinese government reportedly held an internal conference with officials from foreign and local banks as the nation seeks to protect overseas assets from US sanctions over potential military tensions in Taiwan.
The meeting between officials from China’s Central Bank and Finance Ministry, as well as executives from foreign and domestic lenders, was held on April 22, FT reported on Sunday, citing people familiar with the discussion.
“If China attacks Taiwan, decoupling of the Chinese and western economies will be far more severe than [decoupling with] Russia, because China’s economic footprint touches every part of the world,” one of the people briefed on the meeting told the media.
Chinese officials are reportedly worried that penalties similar to those imposed on Russia over the military operation in Ukraine could be introduced against China in the event of a regional military conflict or other crisis.
It’s still not even clear how the West is capable of “decoupling” from Taiwan, but I’m sure that aside from sanctions against them, China talked about using sanctions against the West. A Russia-style blockade would destroy the United States economy completely, and you wonder where most of the stuff would even come from.
The US could do less severe sanctions against China and then try to use the military against them, but China can do a blockade that would collapse the US dollar and therefore the military. So it makes no sense that China would continue to send anything to the US if the US military was threatening them.
Sure, Chinese people benefit a lot from exports to the US and Europe, but it is no longer the sole basis of their economy.