First Published: Barron’s 25/03/2022
The official readouts of the recent remote meeting between Presidents Joe Biden and Xi Jinping were unsurprisingly different. Biden warned about the “implications and consequences if China provides material support to Russia.” China’s somewhat defiant response rejected “sweeping and indiscriminate sanctions” as dangerous for the world economy. This diplomatic exchange served to emphasize not only the huge sensitivity of sanctions but also that political and economic decoupling is now moving up through the gears.
Financial markets, predictably, didn’t seem immediately fazed. But companies are taking note. Read on….https://www.barrons.com/articles/u-s-china-economic-decoupling-russia-ukraine-sanctions-51648215571