Bullets:
Iran has been the target of economic sanctions for decades.
North Korea and Russia are also under heavy sanction, and locked out of most of the USD and SWIFT financial networks.
But China has developed comprehensive alternate platforms, and massive volumes of global trade are now conducted outside Western systems, and oversight.
CIPS and mBridge allow China’s trading partners to do business faster and cheaper, and to ignore sanctions from the US and Europe.
Closing scene, Oriental Sports Center, Pudong, Shanghai
Resources and links:
U.S. sanctions struggle to curb Iran, Russia, North Korea evasion tactics - WSJ
https://www.investing.com/news/econom…
The U.S. Is Ramping Up Economic Warfare. Its Enemies Aren’t Blinking.
https://www.wsj.com/world/the-u-s-is-…
The World’s Most Surprising Economic Success Story Is…North Korea
https://www.wsj.com/world/asia/north-…
What to Know About How Iran Uses China’s Currency to Weaken U.S. Power
https://www.wsj.com/world/what-to-kno…
How China Undercuts the U.S. in Iran
https://www.wsj.com/world/china/yuan-…
How China Helped Iran Cushion the Blow of Sanctions and Fund Its War Machine
https://www.wsj.com/world/middle-east…
SWIFT payment messaging system
https://blog.bytebytego.com/p/swift-p…
China vs. America: Who the World Trades With Most
https://www.visualcapitalist.com/mapp…
Iran Turns to China Rail Link to Try to Bypass U.S. Blockade
https://www.supplychainbrain.com/arti…
Inside China Business, China isn’t dumping dollars. They’re dumping banks, and setting up a new financial system
• China isn’t dumping dollars. They’re dump…
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