Rhodium's Dan Rosen, Logan Wright, and Charlie Vest joined the launch of a new report from Rhodium Group and the Atlantic Council's GeoEconomics Center on China's potential retaliation and resilience in a Taiwan crisis.
Over the past two years, Beijing has watched carefully as Western allies have deployed unprecedented economic statecraft against Russia. In June 2023, we analyzed possible G7 economic actions against China in the event of a Taiwan crisis and modeling their associated costs. However, our report largely left a critical question unanswered: how would China respond?
This new report examines China’s strategy to address US and broader G7 sanctions, focusing on its potential retaliatory measures and its means of sanctions circumvention.
Report
Although China is developing capacities that are making its economy more resilient to Western sanctions, reciprocal economic statecraft measures would exact a heavy financial toll on the G7, China itself, and the global economy.
Report
Exploring the potential economic impacts of sanctions on China in the event of a Taiwan crisis, their spillover effects, and the challenge of coordination.
Note
Recent tensions in the Taiwan Strait have stoked fears of a conflict between China and Taiwan and raised questions about the implications of such a scenario for the global economy.