China Seeks US Dollars While Building Sanctions Hedge Amid Warnings to Washington

China, while needing US dollars, is simultaneously developing strategies to hedge against potential US sanctions and has warned Washington of necessary measures if sanctions against Iran expand.

25 Aug, 12:42 — 25 Aug, 12:42

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cnbcMostly Factual9h ago

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.

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Coverage Timeline

First report: digi24 · 25 Aug, 12:38|Full coverage: 2 · 4m|Window: 4m

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digi2425 Aug, 12:38First to report

Beijingul avertizează Washingtonul: „Vom lua toate măsurile necesare” dacă sancțiunile împotriva Iranului se extind

cnbc25 Aug, 12:42Latest update

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China Seeks US Dollars While Building Sanctions Hedge Amid Warnings to Washington

Sources

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

Coverage Timeline

Beijingul avertizează Washingtonul: „Vom lua toate măsurile necesare” dacă sancțiunile împotriva Iranului se extind

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

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