My Take | How Beijing is neutralising Washington’s sanctions machine
- Posted on September 27, 2026
- By South China Morning Post
- 1 Views
- 1 min read
China is strategically undermining US economic leverage through the development of alternative financial infrastructure, particularly its Cross-Border Interbank Payment System (CIPS). As emerging economies increasingly adopt parallel payment networks and trade mechanisms, Washington's traditional sanctions apparatus faces mounting challenges. This shift reflects a broader realignment in global financial power, where diversified monetary corridors reduce dependency on dollar-denominated systems and Western institutional controls.
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