https://sputnikglobe.com/20230209/white-house-considers-restricting-chinas-access-to-dollars-media-reports-1107270461.html
White House Considers Restricting China’s Access to Dollars, Media Reports
White House Considers Restricting China’s Access to Dollars, Media Reports
Sputnik International
The White House is considering the possibility of restricting Beijing’s access to US dollars, as concerns grow about China's military ambitions, Americam media reported on Thursday, citing sources familiar with the discussions.
2023-02-09T15:18+0000
2023-02-09T15:18+0000
2023-03-05T10:46+0000
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While the White House is already finalizing curbs on US investment in China, including in certain tech sectors, cutting off the supply of US dollars could limit financing of the development of advanced military technologies, the report noted. The Treasury has been in talks with other governments, including the European Union, to get them on board, so that they would not provide replacement financing, according to the newspaper. Public revelations last week about an alleged Chinese surveillance balloon program added fuel to US concerns about China’s growing military capabilities.
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White House Considers Restricting China’s Access to Dollars, Media Reports
15:18 GMT 09.02.2023 (Updated: 10:46 GMT 05.03.2023) WASHINGTON (Sputnik) – The White House is considering the possibility of restricting Beijing’s access to US dollars, as concerns grow about China's military ambitions, Americam media reported on Thursday, citing sources familiar with the discussions.
While the White House is already finalizing curbs on US investment in China, including in certain tech sectors, cutting off the supply of US dollars could limit financing of the development of advanced military technologies, the report noted.
The Treasury has been in talks with other governments, including the European Union, to get them on board, so that they would not provide replacement financing, according to the newspaper.
Public revelations last week about an alleged
Chinese surveillance balloon program added fuel to US concerns about China’s growing military capabilities.
