US sanctions: economist Yu Yongding flags risk of Chinese bank assets being seized overseas

//US sanctions: economist Yu Yongding flags risk of Chinese bank assets being seized overseas

US sanctions: economist Yu Yongding flags risk of Chinese bank assets being seized overseas

If push comes to shove in their financial row, the United States could not only sanction Chinese banks, but also seize overseas Chinese assets, a prominent Beijing adviser warned on Wednesday.Yu Yongding, a senior fellow with the Chinese Academy of Social Sciences, a government think tank, said at a forum organised by The Beijing News that one possible scenario would be the US imposing sanctions on Chinese banks as it did in 2012 to Bank of Kunlun, a regional Chinese lender backed by China’s…

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By | 2020-08-12T14:30:08+00:00 August 12th, 2020|Business|Comments Off on US sanctions: economist Yu Yongding flags risk of Chinese bank assets being seized overseas