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China’s SWIFT joint venture a ‘defensive move’ in US financial war after Alaska talks underlined ongoing tensions

Summary:
[unable to retrieve full-text content]China’s latest joint venture with the Belgium-based SWIFT financial messaging service is a “defensive move” amid ongoing tensions with the United States, highlighted by last week’s fractious talks in Alaska. China’s central bank on Tuesday announced that a newly established joint venture with SWIFT and four Chinese institutions will offer localised financial services to make cross-border transactions more stable and secure.The decision to set up the joint venture with SWIFT comes amid souring…

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[unable to retrieve full-text content]
China’s latest joint venture with the Belgium-based SWIFT financial messaging service is a “defensive move” amid ongoing tensions with the United States, highlighted by last week’s fractious talks in Alaska. China’s central bank on Tuesday announced that a newly established joint venture with SWIFT and four Chinese institutions will offer localised financial services to make cross-border transactions more stable and secure.The decision to set up the joint venture with SWIFT comes amid souring…

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