“Moreover, the central government is trying to sanctions-proof itself. On April 22, officials from the finance ministry and central bank met with representatives of dozens of banks, including HSBC, to discuss what Beijing could do in the event of the imposition of punitive measures on China.”
USAGOLD note: When Nobel laureate Spence is asked what are the biggest risks to the US economy (See below), he responds, “expansion of geopolitical conflict. Something going wrong in Taiwan would be a disaster.” China expert Chang details alarming steps China is now taking to prepare for war.
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