Quora: Did the Chinese government just ask their banks to pull out of the Swift system? If true, what will be the underlying consequences?

Liu Lisong replied

The Bank of China and the Industrial and Commercial Bank of China did conduct an exercise to test the ability of China's financial system to withstand pressure after the sudden loss of US dollar circulation. But this is only a preventive measure. China will not do any reckless behavior that destroys the world value chain, and this is a patent of the US authorities today.

China does not intend to disrupt the existing world order. But considering that the US authorities have identified China as an enemy and are launching all-out attacks against China by all means, we need to respond a little bit.

The best response is to continue to increase costs for the US global governance system. Add some today and add others tomorrow. Interesting things will happen eventually.