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ChinaGeopoliticsGlobal MarketsMonetary PolicyRussiaUkraineUSA

Why it is in US interests to give up its dollar privilege to forge a more neutral financial order

Posted on 1min read

Much ink has been spilled speculating over the longer-term consequences for the US dollar of the unprecedented financial sanctions imposed on Russia in the wake of military action in Ukraine. Will it lead the world to de-doll arise? And will it contribute to greater international adoption of the renminbi?

Perhaps. But these lines of discussion miss a more profound point: what do we risk by weaponising the global financial commons?

Continue reading at SCMP.com...

* First published in The South China Morning Post (8 June 2022)

Image from SCMP.com

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ChinaGeopoliticsRussiaUkraineUSA

China walks diplomatic tightrope after shunning sanctions on Russia, while calling for end to crisis in Ukraine

Posted on 1min read

As the tragic events in Ukraine escalate and countries around the world ratchet up sanctions on Russia, China faces a difficult balancing act. 

While its neutral stance towards the conflict has been viewed with opprobrium in some quarters, Chinese leaders are not insensible to the human suffering in Ukraine. Nevertheless, they are obliged by certain realities to tread carefully.

Russian military action in Ukraine offends China’s longstanding principle of non-interference in the affairs and territorial integrity of other nations.

 

Continue reading at Trade Finance Global...

* First published in Trade Finance Global (15 March 2022)

Photo credit: Max Kukurudziak on Unsplash

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