If the West imposes sanctions on China like those levied against Russia, some analysts say the impact could be far more damaging to the Chinese economy. Illustration: Perry Tse
If the West imposes sanctions on China like those levied against Russia, some analysts say the impact could be far more damaging to the Chinese economy. Illustration: Perry Tse
Economy /  China Economy

China wary of Russia-type sanctions, but Beijing’s ‘financial nuclear bombs’ are a powerful deterrent

  • Economy-crippling sanctions imposed by the West on Russia are a ‘textbook warning for China’ if it helps its neighbour or follows through with Taiwan threats
  • But China is so involved in global trade that severing ties seems very unlikely, and some Western trade partners may not follow US-led moves to punish Beijing