China Conducting “Bank Stress Test” just as a Massive Chinese Naval Fleet Barrels Towards US Naval Base
Never forget that China still has plans on taking back Taiwan, by force if necessary and it looks like that will happen soon as Taiwan continues to pursue relations with the US including receiving military aid. Of course China sees the US interference in Taiwan as provocation as they consider Taiwan a breakaway region but still part of mainland China.
With tension soaring and after watching the West apply sanctions to Russia over Ukraine, China has ordered it’s banking sector to stress test itself as it fully expects the West implement sanctions against it once the invasion begins. Here is more from Warnews 247.
Beijing is reportedly worried about sweeping Russian-style sanctions from the West and has ordered a comprehensive “stress test” to look into the effects of a similar scenario on the country’s economy.
According to a person with direct knowledge of the issue, an extensive exercise began around the end of February and the beginning of March, when the Western allies imposed unprecedented sanctions against Moscow.
Several key Chinese government agencies – from the banking sector to international trade – have been called upon to find solutions in the event that the West imposes the same embargo on China.
“Those involved in this exercise use as a basis the way in which Russia has been treated in order to determine China’s own political response in the event that the West treats it in the same way,” he added.
“This stress test includes a number of methodologies, including modeling.”
“Beijing has not clarified why it asked its huge bureaucracy to carry out such an exercise. “They said it was a ‘natural reaction’ from Beijing, given its close relationship with Moscow,” the source said.
Some bankers present, however, doubted whether Washington could ever afford to cut ties with China, given its position as the world’s second largest economy, huge dollar assets and close trade. with the USA.
“It’s difficult for the United States to impose huge sanctions on China.
“It’s like a mutually guaranteed catastrophe in a nuclear war.”
Then we have the LARGEST EVER Chinese Naval fleet heading directly towards a US Naval Base at Sasebo near Nagasaki Japan. More from wnd.com.
The largest Chinese aircraft carrier group reportedly ever assembled is conducting combat training near a U.S. naval base in Japan, according to multiple Chinese media sources on Tuesday.
China’s aircraft carrier “Liaoning,” as well as seven other vessels, are reportedly performing a naval expedition in close proximity to Nagasaki, Japan, and the U.S. Navy base at Sasebo, according to a Tuesday report from China’s Observer News translated by the Daily Caller News Foundation. The USS Abraham Lincoln aircraft carrier is also in the vicinity, according to the report.
The aircraft carrier group’s estimated collective “long-range precision strike capability” also reportedly surpassed that of any U.S. aircraft carrier formation, China’s NetEase News claimed, according to a translation.
In addition to the Liaoning aircraft carrier, the Chinese naval formation is reportedly composed of four destroyers, a guided missile frigate and a supply ship, according to the report from The Observer.
There is a lot going on all at once folks, remember to keep your eyes on Christ as we rapidly approach His Second Coming! He is the way, the truth and the life! No one gets to the Father but through Him! Seek Him today while you can still find Him!
You can support this ministry and keep us on the internet using the links below. Patreon is gone so we have PayPal and Cash App left to us below. We have also added a new monthly support option through the website. That link is below as well. Thank you again and God bless!
Monthly Support Option: https://dontspeaknews.com/donations/
PayPal Link: https://paypal.me/johnnystorm
Cash App ID: $jstorm212