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Beijing Orders “Stress Test” In Preparation for Russia-style Sanctions (reports)

Key Chinese state agencies have reportedly been instructed to formulate responses if Beijing is slapped with similar sanctions to those imposed on Russia by the US. (The Guardian)

Although officials haven’t disclosed exactly why such measures were ordered, Beijing-based analyst Tong Zaho claims govt figures are worried “a strategic conflict between China and the West may not be a question of whether it’d happen, but when it will happen, in particular over the issue of Taiwan.”

Former adviser to John Kerry Edward Fishman warned China’s economy would not be able to withstand sanctions. “There is no alternative to the western financial system,” he said.

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