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A comment on Russian firms rush to open Chinese bank accounts. Parent comment
This was an unstated policy goal. Russia as a regional power is provably dangerous. As a Chinese vassal, at least it’s contained.
Add to that the significant costs to the American economy dollar hegemony has brought [1], and this is broadly a win-win-win.
[1] https://www.wsj.com/amp/articles/how-the-reserve-dollar-harm...
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This was an unstated policy goal. Russia as a regional power is provably dangerous. As a Chinese vassal, at least it’s contained.
Add to that the significant costs to the American economy dollar hegemony has brought [1], and this is broadly a win-win-win.
[1] https://www.wsj.com/amp/articles/how-the-reserve-dollar-harm...