“My experience in dealing with China is that it’s better to be clear and consistent than weak and indecisive.”
(Photo: IMAGO/AAP)
Singapore Former Australian Prime Minister and China expert Kevin Rudd warns of serious economic consequences if the US-China conflict escalates. In the event of a military conflict, foreign investors face the risk of having to write off their investments in China, similar to what is currently happening in Russia, Rudd said in an interview with Handelsblatt.
He is now head of the Asia Society think tank. “If Xi Jinping carries out his ambition to take Taiwan by force and the United States responds militarily, they will look to allies for support,” Rudd said — “either militarily or in the form of political and economic sanctions.”
Rudd, who has personally met China’s head of state Xi several times, considers investments in China to be risky even in times of peace. The country is increasingly moving in a Marxist-Leninist direction. There is a structural slowdown in economic growth and increasing isolation. “That’s a danger when you put everything on the China card.”
Read on now
Get access to this and every other article in the
Web and in our app free of charge for 4 weeks.
Continue
Read on now
Get access to this and every other article in the
Web and in our app free of charge for 4 weeks.
Continue