US and Chinese flags are seen in this illustration, created on April 24, 2024. REUTERS/Dado Ruvic/Illustration
Photo Credit: REUTERS/Dado Ruvic/Illustration

The rise of US economic sanctions on China: Analysis of a new PIIE dataset

Martin Chorzempa (PIIE), Mary E. Lovely (PIIE) and Yuting (Christine) Wan (PIIE)

Concerns about China's national security activities and human rights abuses have led the United States to rely increasingly on financial sanctions and export controls to curb Beijing's behavior. But the tools are so complex it is difficult to assess their effectiveness. A new PIIE dataset sheds light on this economic statecraft.

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