The postage stamp kingdom of Lichtenstein has announced it intends to enact sanctions against communist China. Normally that would seem laughable except that Lichtenstein is a tax haven which has made a fortune through its banking system. Plenty of Chinese Communist leaders have stashed their ill-gotten gains in Lichtenstein banks and can ill afford having their accounts frozen.
Meanwhile, there is a run on two of China’s largest banks. Account holders are trying to empty those accounts out of fear the banks will fail. The government is limiting withdrawals to a small amount each week and is threatening depositers with criminal ...