UnionPay has customers in more than 180 countries, including US and NATO countries. I believe that China is doing serious calculations on gains and losses if they decide to ignore the threatening messages from the western media. It is also important to notice that whatever China does can never satisfy the US, not because China is doing something wrong, but because everyone knows the reasons. Perhaps they are thinking that it is a golden opportunity for China to start the process of de-engagement with the US in the financial sector.
Categories: Economics/Class Relations