China Seeks Ways to Prevent Potential Western Sanctions

Objectivity 4.6 | Credibility 4.4 | Relevance 4.8

According to the Daily Mail, Chinese officials held an emergency meeting with China’s financial institutions to defend the country from potential economic attack from Western sanctions. The West’s harsh economic sanctions on Russia prompted the emergency meeting. The US is thought to be considering proportionate sanctions on China in the event it invades Taiwan. According to the Financial Times, a source was quoted saying, ‘China’s banking system isn’t prepared for a freeze of its dollar assets or exclusion from the Swift messaging system as the US has done to Russia.’