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US threat of China sanctions puts big banks in the crosshairs

Sep 13 , 2017

US threats to impose sanctions on big Chinese companies over Beijing’s support for North Korea have sparked a guessing game over the form such measures might take — and the potential fallout. 

On Tuesday US President Donald Trump warned that the UN’s latest sanctions were “nothing compared to ultimately what will have to happen”, while Ed Royce, chairman of the House foreign affairs committee, said Washington should target “major Chinese banks doing business with North Korea”.

The Financial Times has examined the most likely targets for unilateral US action against Chinese groups and the potential blowback from Beijing. Here are some key questions.


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