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China , Sunday 30 August 2026

China needs U.S. dollars but is building a hedge against Washington’s sanctions

Published on: Tuesday 25 August 2026

China needs U.S. dollars but is building a hedge against Washington’s sanctions The U.S. can pressure Chinese banks over Iran through access to its financial system, while Beijing is building alternatives such as CIPS.


News source: https://www.msn.com/en-us/money/markets/china-needs-us-dollars-but-is-building-a-hedge-against-washington-s-sanctions/ar-AA2aT5dV

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