China summons banks over sanctions fears

Beijing wants to shield overseas assets in case of military tensions with Taiwan The Chinese government reportedly held an internal conference with officials from foreign and local banks as the nation seeks to protect overseas assets from US sanctions over potential military tensions in Taiwan. The meeting between officials from China’s Central Bank and Finance Ministry, as well as executives from foreign and domestic lenders, was held on April 22, FT reported on Sunday, citing people familiar with the discussion. “If China attacks Taiwan, decoupling of the Chinese and western economies will be far more severe tha

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