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47 sats \ 1 reply \ @beorange 26 Aug \ on: Chinese Yuan Overtakes the Dollar: BRICS Drive De-Dollarization Surge econ
These kind of sanctions have side-effects. Many people raised this possibility at the time. Some think it is reversible, some think it is not.
Iran has survived these sanctions for over a decade, demonstrating that China can now provide a viable alternative to the SWIFT trade payments system.
USA cannot force China to comply with its sanctions and China is demonstrating its independence from the US hegemony and building its alternative.
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