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News & Current Events May 7, 2026 at 4:58 AM

China asks banks to pause new loans to US-sanctioned refiners, Bloomberg News reports

Posted by RRaj007



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CupEcstatic2721 6 days ago +16
​Judging by this news China's plans for Taiwan are in the very long term meaning that the Chinese financial sphere is currently very dependent on the USA. These sanctions also deal a significant blow to China's plans to become a leader in artificial intelligence development as one of its sources of funding has been cut off
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Moral-Relativity 4 days ago +4
How does US sanction on 5 private refiners cut off funding to AI developments in China?
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CupEcstatic2721 4 days ago +4
One way or another these sanctions hit the profits within China's economy, which they invest in the development of new technologies including artificial
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Moral-Relativity 4 days ago +5
So might as well say “these sanctions also deal a significant blow to China’s plans to become a leader in ANYTHING” then.
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chrustyclar 6 days ago +3
Trump is visiting China next week, this is China showing some good will.
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[deleted] 6 days ago -30
[deleted]
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240psam 6 days ago +9
Jesus f****** Christ trump isn't 5 steps ahead of anything
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