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 China Russia, said Rudd in an interview with the Handelsblatt.
He is now head of the Asia Society think tank. “If Xi Jinping “If the United States implements its ambition to take Taiwan by force and the United States responds militarily, it 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.”