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

August 25, 2026·Source: CNBC·0 views

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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 was originally reported by CNBC. For the complete coverage and latest updates, visit the original source.

Read the full story at CNBC.

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Originally reported by CNBC. Read the original article

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