21-13 Can China Blunt the Impact of New US Economic Sanctions?Mary E. Lovely and Jeffrey J. SchottJune 2021Note: The authors gratefully acknowledge helpful comments from Chad P. Bown, Henry Gao, Tianlei Huang, Gary Hufbauer, Adnan Mazarei, Marcus Noland, Sherman Robinson, and Nicolas Vron.INTRODUCTIONSuccessive US administrations have embraced economic sanctions, especially financial sanctions, to punish bad actors in Iran, North Korea, Russia, and other hostil
