Economist warns that financial sanctions could become new US-China battleground

Globo

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News that the US government plans to impose additional sanctions on China's technology sector weights on the indexes, especially Nasdaq; domestic markets also have a bad day

Portfolio.hu

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The United States may consider freezing China's foreign reserves and expelling the country from the main global financial communication system (SWIFT), Lian Ping is quoted by the South China Morning Post. However, the measure may have a negative impact not only on China, but also on the international platform itself, as the rise of the yuan and alternative payment systems may reduce SWIFT's influence. According to the economist, the actual appli…