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Palestinian platforms: Settlers storm Al-Aqsa Mosque complex under the protection of the occupation police
Palestinian platforms: The IOF detonated a booby-trapped robot east of the al-Zaytoun neighborhood, south of Gaza City
Syrian Defense: We call on all parties in Sweida to cooperate with security forces and exercise restraint
Al Mayadeen's correspondent: The Lebanese Army is continuing its investigations and will later announce any information that does not affect the confidentiality of the investigation
Al Mayadeen's correspondent: It has not yet been determined whether the detainees belong to ISIS or another organization
Al Mayadeen's correspondent: Around 10 people of different nationalities, including Lebanese nationals, were detained
Al Mayadeen's correspondent: The Lebanese army arrested a number of people in the Matn area of Mount Lebanon with possession it has not disclosed
Gaza Civil Defense spokesman: We have strong indications that there are martyrs, injuries, and trapped people in the Salah al-Din area
Gaza Civil Defense spokesman: Citizens should avoid Salah al-Din Street because anyone who approaches it is at risk of being directly targeted
Gaza Civil Defense spokesman: Reality is that there is a very limited retreat of the vehicles, with the occupation forces providing cover undeer fire up to Salah al-Din Street

US aims to decouple from China by restricting access to dollar: NYT

  • By Al Mayadeen English
  • Source: New York Times
  • 9 Feb 2023 20:11
3 Min Read

In order to avoid circumvent replacement financing, the report says that the US Treasury has been held  talks with its allies to get them to follow suit. 

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  • The Treasury Department is seen near sunset in Washington, Wednesday, Jan. 18, 2023 (AP Photo/Jon Elswick)
    The Treasury Department is seen near sunset in Washington, Wednesday, Jan. 18, 2023 (AP Photo/Jon Elswick)

The New York Times reported on Thursday, citing sources, that Washington is considering halting Beijing's access to US dollars over concerns about alleged Chinese military ambitions. 

As the Biden administration is currently working on finalizing rules that would restrict US investment in China, the report states that cutting the dollar supply could severely impact China's capacity in developing new military technologies. 

In order to avoid circumventing replacement financing, the report says that the US Treasury has been holding talks with its allies to get them to follow suit. 

US-China relations have been strained due to a series of provocative actions by the US which include visits by US lawmakers to Taiwan, fabricating false information on an alleged 'China threat' to destabilize diplomatic relations with regional neighbors, and more generally the spread of anti-Chinese sentiment across the globe. 

Most recently, Secretary of State Blinken visit annulled a visit to China over an incident involving the accidental breach of US airspace by a Chinese weather balloon which was labeled a spy balloon by the Pentagon. 

Read more: China balloon prompts Japan to investigate previous aerial objects

The US says it wants to punish China for not opposing Moscow's actions in Ukraine but China has said several times that it supported facilitating a peace process between the two parties. 

China has blamed the US for fueling the conflict due to its insistence on the expansion of NATO to the east. 

During an interview with PBS Newshour on Wednesday, US President Joe Biden admitted that he warned Chinese President Xi Jinping last summer that China could lose Western investments over China's support for Russia. He further said that Xi is facing serious challenges ahead, including in the economy, though he also has 'great potential'. 

He also stated that the US was not "looking for conflict" with China and that this has been Washington's policy "so far".

Following these statements, Chinese Foreign Ministry Spokeswoman Mao Ning told a briefing today, "Such statements by the US side are extremely irresponsible and violate the foundations of diplomatic etiquette. China expresses acute dissatisfaction and strongly opposes this." 

Read more: India replaces US dollars with dirhams in Russian oil trade: Reuters

  • sanctions of China
  • China
  • white house

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