The Effects of Sanctions on Chinese Gray Zone Activities

The problem is you have to answer that question in the context of plausible scenarios when this might happen. In a gray zone scenario, businesses are generally going to be pushing against using unilateral measures. But I think the further to the right on the spectrum, you get where China is actually taking actions that might be perceived as acts of war. And so if you really want to go aggressive on the sanctions, that's kind of the stuff that you would be risking.