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.
It’s funny to think we can sanction China in any sort of way similar to Russia. We didn’t have almost anything say Made in Russia on it but fossil fuels and rocket engines when we sanctioned Russia. I’m supporting local production as much as I can and yet the vast majority of things I use in my daily life say Made in PRC. Those things need replacement and often no one is making them locally. Can we change that? Absolutely. Is it going to be fast enough to avoid a cataclysmic economic event that will trigger a reversal of sanctions, I don’t think so. I don’t think China is deterred by sanctions nearly as much as they are by the threat of armed conflict.
But yes, it’s likely much more productive to go the diplomatic/subversive/interfering route.