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Economics

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

August 25, 2026 CNBC Economy 1 min read
CNBC Economy · Center
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.

Source: CNBC Economy

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