Is China Next After Russia?

The Chinese government is alarmed by the Western sanctions against Russia. The Beijing administration met to evaluate possible sanctions.

After Russia, Is China Next? Western states took sanctions decisions for Russia one after another after Russia attacked the territory of Ukraine. Declaring at every opportunity that cooperation with Russia will be strengthened in every field, the Chinese government started negotiations to evaluate possible sanction decisions. British Financial Times newspaper; He reported that Chinese officials are holding an emergency meeting with domestic and foreign banks to discuss how they can protect the country's overseas assets from possible US sanctions. After the Russian invasion of Ukraine, the USA decided to freeze a significant part of the foreign exchange reserves of the Russian Central Bank. Officials seem concerned that the same measures could be taken against Beijing in the event of a regional military conflict or other crisis. Although the administration of Chinese President Xi Cingping has continued to support Russia throughout the Ukraine crisis, Chinese banks and companies continue to be cautious about doing any business with Russian entities that could trigger US sanctions. Taiwan Scenario Evaluation International sources stated that although the officials attending the meeting refrained from talking about a specific scenario, after Russia's invasion of Ukraine, there was talk that China could also make a move in Taiwan, which has been a troubled region for years. Providing information about the meeting, the source said, “If China attacks Taiwan, the separation of China and western economies will be much more violent than that of Russia. Because China's economic footprint touches every part of the world.