China’s Rare Defiance of US Sanctions Sparks Showdown Over Banks
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China’s Rare Defiance of US Sanctions Sparks Showdown Over Banks

May 2, 2026
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Posted 1 day ago by

China has ordered companies to defy US sanctions for the first time, a step that threatens to put its banking sector into the crosshairs of competition between the world’s largest economies.

China’s Rare Defiance of US Sanctions Sparks Showdown Over Banks
Bloomberg
Bloomberg

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