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China urged to develop its own international payment system to counter risk of US financial sanctions

Summary:
[unable to retrieve full-text content]Chinese researchers and former officials have increased the urgency of their calls for Beijing to insulate the country from the potential risk of being cut off from the US dollar payments system, as new US government sanctions are expected to punish officials involved in the implementation of Hong Kong’s new national security law, and the financial institutions that do business with them.There also appears to be a growing concern in Beijing that the United States could take advantage of the…

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[unable to retrieve full-text content]
Chinese researchers and former officials have increased the urgency of their calls for Beijing to insulate the country from the potential risk of being cut off from the US dollar payments system, as new US government sanctions are expected to punish officials involved in the implementation of Hong Kong’s new national security law, and the financial institutions that do business with them.There also appears to be a growing concern in Beijing that the United States could take advantage of the…

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