Could the West punish China the way it has punished Russia?

“WOULD THE US really dare to freeze or confiscate China’s reserve assets?” asked Wang Yongli, a former director of Bank of China, in an article last month. Good question. After Russia invaded Ukraine, America and its allies imposed crippling sanctions on Russia’s central bank, removing from its reach about half of its foreign-exchange reserves. They also cut off some of Russia’s biggest banks from the Western financial system and banned many high-tech exports to the country. If China were to do something geopolitically rash, such as invading Taiwan, could the West do to China what it has done to Russia?