News Snapshot:
Chinese officials are meeting with banks to figure out ways to protect overseas’ assets. The country is said to be concerned the US could impose sanctions similar to those on Russia. China is said to hold around $3.2 trillion in foreign reserves. China is reportedly taking steps to protect its overseas assets, amid fears the country could one day be subjected to sanctions similar to those imposed on Russia. The Russian invasion of Ukraine has provided tough lessons for China, which is itself involved in a long-running dispute with Taiwan. China has long rejected its neighbor’s claims to sovereignty, fuelling...
