More signs of shifting policy in China. This “wolf warrior” was a common spokesperson on international news aggressively verbally attacking the West.

https://www.ft.com/content/63b27809-bc87-43a2-9f90-400313fdcc12

One of China’s most prominent “wolf warrior” diplomats has been moved to an obscure department, in an unusual transfer for an official who had seemed to be one of the foreign ministry’s highest flyers.

Zhao Lijian was no longer listed on the ministry’s website on Monday as one of its official spokespersons and instead appeared as one of three deputy directors for boundary and ocean affairs.

Relevance to Bankwatch

It is too easy to see the end of COVID zero, other shifts such as this wolf warrior change and other apparent softening in China policies but there will be big impacts on the rest of the world.

The Economic predicts large increases in price of oil to $100+ and commensurate increases in interest rates as the Fed combats resultant inflation.