Tuesday , August 11 2020
Home / South China Morning Post / US financial sanction threats in response to Hong Kong, Xinjiang are a reality check for China’s global yuan ambitions

US financial sanction threats in response to Hong Kong, Xinjiang are a reality check for China’s global yuan ambitions

Summary:
[unable to retrieve full-text content]Washington’s threats of financial sanctions against Chinese individuals who were involved in formulating the Hong Kong national security law and Chinese banks that do business with them, as well as officials and institutions that took part in alleged crimes in Xinjiang, has rung alarm bells in both Hong Kong and Beijing.While the United States is unlikely to use the “nuclear option” of cutting Chinese banks off completely from the global US dollar payments system, at least for now, the reality…

Topics:
Zhou Xin considers the following as important:

This could be interesting, too:

Mike Shedlock writes Millennials Screwed Again, This Time on Unemployment

Mike Shedlock writes Understanding Political Polls: Is the GOP Underweighted?

Kathy Lien writes What EURJPY Sell-Off Says About Broader Markets

Lambert Strether writes 2:00PM Water Cooler 8/10/2020

[unable to retrieve full-text content]
Washington’s threats of financial sanctions against Chinese individuals who were involved in formulating the Hong Kong national security law and Chinese banks that do business with them, as well as officials and institutions that took part in alleged crimes in Xinjiang, has rung alarm bells in both Hong Kong and Beijing.While the United States is unlikely to use the “nuclear option” of cutting Chinese banks off completely from the global US dollar payments system, at least for now, the reality…
About Zhou Xin

Leave a Reply

Your email address will not be published. Required fields are marked *