Financial sanctions may not deter China from invading Taiwan
Wargaming what an economic conflict would look like
A few months ago the China Select Committee in America’s House of Representatives took part in a war game, complete with tabletop maps and blue and red counters. It simulated a Chinese invasion of Taiwan, and revealed familiar weaknesses in America’s position: its bases need strengthening and it soon ran out of precision munitions. Yet the game also highlighted a less obvious risk: America’s economic weapons went off half-cocked.
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This article appeared in the Finance & economics section of the print edition under the headline “Numbers game”
Finance & economics July 1st 2023
- The choice between a poorer today and a hotter tomorrow
- New forms of debt restructuring reward bad behaviour
- Financial sanctions may not deter China from invading Taiwan
- How to escape China’s property crisis
- Americans love American stocks. They should look overseas
- How Russia dodges diesel sanctions
- The working-from-home illusion fades
From the July 1st 2023 edition
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