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

Aug 6, 2020 | 10:00 GMT

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. ...

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