China Sells Western Currency and Oil Assets to Avoid Sanctions

China Sells Western Currency and Oil Assets to Avoid Sanctions
Headquarters of the People's Bank of China (PBOC), the central bank, is pictured in Beijing on Dec. 13, 2021. Andrea Verdelli/Bloomberg via Getty Images
|Updated:
0:00
News Analysis

China is shifting its global asset portfolio in response to sanctions on Russia and is in the process of stabbing the West in the back.

Anders Corr
Anders Corr
Author
Anders Corr has a bachelor’s/master’s in political science from Yale University (2001) and a doctorate in government from Harvard University (2008). He is a principal at Corr Analytics Inc. and publisher of the Journal of Political Risk, and has conducted extensive research in North America, Europe, and Asia. His latest books are “The Concentration of Power: Institutionalization, Hierarchy, and Hegemony” (2021) and “Great Powers, Grand Strategies: the New Game in the South China Sea” (2018).
twitter
Related Topics