Snapshots

Aside from forcing companies to choose between Chinese and U.S. payment systems, Beijing's ability to reduce its sanctions exposure will be limited by the yuan's meager use in global markets.

Facing U.S. Sanctions, China Mulls De-Dollarizing Its Finances

Highlights

United States

Hong Kong SAR, China

China

Economics

The U.S. and the Balance of Power

China in Transition

China's tentative steps to respond to potential U.S. sanctions over Hong Kong will be limited by a largely dollarized system for global payments and clearing settlements. Beijing could, however, adopt disruptive "blocking actions" that force companies to choose between Chinese and U.S. systems. 

SNAPSHOTS

Facing U.S. Sanctions, China Mulls De-Dollarizing Its Finances

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