Sri Mulyani: China-Taiwan conflict can further rock the global economy

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Sri Mulyani
Finance Minister Sri Mulyani. (IO/Pramita Hendra)

Jakarta, IO – Finance Minister Sri Mulyani cautions that the heightened tension between China and Taiwan after US House Speaker Nancy Pelosi’s visit can further imperil the global economy that is already struggling due the Covid-19 pandemic and the Ukraine war.

“The geopolitical conflict uses the economy as an instrument of war. For example, the economic sanctions imposed by Western countries on Russia. These sanctions do not only have a military impact, but also economic and financial,” she said before University of Indonesia students, as reported by Bisnis Indonesia, Monday (8/8).

As a result, Sri said the current geopolitical circumstances have made the whole world feel insecure. This insecurity, according to her, could threaten relations between countries which for the past three decades have been under the assumption that the world would be interconnected in terms of trade, investment, people, capital, goods, and information.