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China needs to be prepared for US financial sanctions
It seems that Huawei faces an endless list of tests, with the latest media report suggesting that the Trump administration may go further to place the Chinese technology giant on its Specially Designated Nationals (SDN) list, restraining its access to the US financial system. If this sanction is really imposed on Huawei, which has a massive trading network, then from the perspective of US-China relations and the global financial chain, it would mean a substantial decoupling between the world's two largest economies. The global industrial chain would be restructured as a result, with both Chinese and American ... (full story)