STEMM Institute Press
Science, Technology, Engineering, Management and Medicine
The Implications of Russia’s Response to Extreme Financial Sanctions by the United States and Europe for Enhancing China’s Economic Security and Development
DOI: https://doi.org/10.62517/jel.202514409
Author(s)
Xi Liu
Affiliation(s)
Service Assurance Center of the Chinese People's Liberation Army General Hospital, Beijing, China
Abstract
Financial warfare, involving conflicts in currency exchange, trade, and investment, represents a non-violent means of economically pressuring adversaries and seizing wealth. Following the recent Russia-Ukraine conflict, where Russia has taken various measures to counter the severe financial sanctions imposed by the United States and Europe, China finds itself at a critical juncture in its economic and social development. External powers are intensifying their efforts to restrain and suppress China. It is essential to maintain a clear understanding of the need to fortify China’s economic security and development, learn from past experiences, explore the underlying mechanisms, and comprehensively implement preventive measures to strengthen China’s economic security and development and effectively address potential financial warfare in the future.
Keywords
Trade; Warfare; Economic Development; Resources; Innovation
References
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