BUSINESS● ELEVATEDAug 25 · Aug 25, 2026, 12:42 PM
China needs U.S. dollars but is building a hedge against Washington’s sanctions
CNBC
The U.S. can pressure Chinese banks over Iran through access to its financial system, while Beijing is building alternatives such as CIPS.
GlobeAlert aggregates and classifies open sources; the story above belongs to its publisher. Summaries are machine-generated from the source text.
More in Business
BUSINESSnowMunicipal Securities Underwriters Pay a Total of $325,000 in FinesSECBUSINESSnowSEC CHAIRMAN ARTHUR LEVITT, IOWA OFFICIALS TO HOLD INVESTORS’ TOWN MEETING IN DES MOINESSECBUSINESS32m agoBoeing CEO: 737 Max production taking 'a little bit longer' to stabilize than expectedCNBCBUSINESS44m agoSA Asks: What was the main takeaway from the FOMC's rate decision?Seeking Alpha Tech