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

OptionNews newsroom brief · 54m ago · 1 min read · via cnbc.com

The U.S. can pressure Chinese banks over Iran through access to its financial system, while Beijing is building alternatives such as CIPS.

The U.S. can pressure Chinese banks over Iran through access to its financial system, while Beijing is building alternatives such as CIPS. This story matters for Finance & Markets readers tracking option. Reported by cnbc.com. Read the full original at the source link below.

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

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