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China’s Unprecedented Defiance of US Sanctions Triggers Showdown
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China’s Unprecedented Defiance of US Sanctions Triggers Showdown

Bloomberg Markets · May 4, 2026, 2:14 AM · Also reported by 2 other sources

China has ordered its companies to ignore US sanctions, an unprecedented act of defiance that threatens to trap a vast banking sector in the crossfire as tension rises between the world’s largest economies.

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