China’s lack of defense dependence let it resist US financial pressure

Evidence

As Trump was to find out, China was no Japan. Being outside of America’s defence umbrella, its soil free of giant US army bases like the one in Okinawa, Beijing felt none of the need to defer to Washington that Tokyo revealed in 1985. Crucially, China also had its own Big Tech to bolster its position, especially its impressive cloud finance capabilities. — Yanis Varoufakis, Technofeudalism, 597

Categorization

• corroborated: 2 independent passages support this claim — Yanis Varoufakis, Technofeudalism: What Killed Capitalism, 597