Fu Ying, now vice foreign minister, explained China’s position on economic sanctions in a major speech on China’s relations with the West in October 2008 when she was ambassador to the United Kingdom. She said: “Economic sanctions and military force are not serious options in China’s diplomatic toolkit. China will become strong, but never hegemonic.”…
Unfortunately, this stated principle does not seem to be reflected consistently in Chinese actions.
Thus, the month after Fu’s talk, China canceled the planned December 2008 summit with the European Union because of French President Nicolas Sarkozy’s announcement that he would meet with the Dalai Lama.
Immediately afterward, China set out to punish France through economic warfare.
China won’t apply economic sanctions to Iran, Syria or Sudan, but will apply it to France, Japan, Norway and now the Philippines is in China’s crosshairs.