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

The U.S. can pressure Chinese banks over Iran through access to its financial system, while Beijing is building alternatives such as CIPS.

Where: Argentina, Australia, Saudi Arabia, Pakistan, Shanghai, Iran, China, Washington, Beijing, Ukraine, Russia

Exact coordinates

argentina: -38.420, -63.620
australia: -25.270, 133.780
saudi arabia: 23.890, 45.080
pakistan: 30.380, 69.350
shanghai: 31.230, 121.470
iran: 32.430, 53.690
china: 35.860, 104.200
washington: 38.910, -77.040
beijing: 39.900, 116.400
ukraine: 48.380, 31.170
russia: 61.520, 105.320

Read it at CNBC See this on the map

China needs U.S. dollars but is building a hedge against Washington’s sanctions
What might happen next? AI-generated

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