According to Anders Corr, publisher of the Journal of Political Risk, China is ‘sanction proofing’ its economy from the United States in preparation for the potential invasion of Taiwan.
After the 14th National People’s Congress, the nation’s top legislature, closed its first session on March 13, China’s premier Li Qiang said that China would align with high-standard international economic and trade rules and further expand opening up this year, the state-controlled media, China Daily reported.
“China, which is open and in the constant process of development, welcomes everyone to invest and develop,” Qiang is quoted as saying.
However, Corr said, “What China’s really doing in terms of their so-called opening up is they’re refocusing on their domestic economy, which is really a form of sanction-proofing the economy.”…