Too early to speculate on secondary sanctions against China: economists

WHILE markets have begun pricing in the risk of secondary sanctions on China - in the event that it provides military and economic aid to Russia - economists say it is too early to speculate on the possible economic fallout.

And even if the United States does impose such sanctions, they do not expect Singapore to follow suit, saying that the Republic has always tried to remain neutral and avoids picking sides.

Said Maybank Kim Eng senior economist Chua Hak Bin: "Singapore's economy is highly dependent on both the US and China, and cutting one leg off will tip the whole table over."