First, we need to determine if this risk is imminent. That's still unclear considering what we know about the party and how the party operates. We should maybe tone this down a bit. We should not believe this is imminent.
In terms of risk, if you were to apply sanctions, China is basically preparing or at least laying down the foundation for something it has done before, which is some form of civilian military integration. It could tilt toward a military or a more war machine kind of economy and then, of course, seize assets. This has been done before. It could happen in the event that we do something like that. It could happen.
Never forget that in China, especially from the perspective of the party, you are there only because the party allows you to be here. This applies to the private sector in China as well. That's why money remains common to a certain degree. You have it because you're allowed to have it. If you operate there, it's because they let you operate there.
If they decide you can't, it's just the way it is for the party. There wouldn't be a second thought on whether they decide to do it or not, regardless of the consequences. The party as it stands right now is willing to go further than the previous administration in terms of risk-taking and, let's say, pushing western democracies to a certain degree. It wouldn't be beyond the scope of the current administration to do something like that.
Now, there would also be dramatic consequences for doing something like that, and the party could not really withstand such a blow, I would say, in the medium term to long term. This is not a viable thing to do for the party. If it does this, it might lead to systemic issues, if I can say it like that.