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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 May 7, 2026 +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 May 9, 2026 +4
How does US sanction on 5 private refiners cut off funding to AI developments in China?
4
CupEcstatic2721 May 9, 2026 +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
4
Moral-Relativity May 9, 2026 +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 May 7, 2026 +3
Trump is visiting China next week, this is China showing some good will.
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[deleted] May 7, 2026 -30
[deleted]
-30
240psam May 7, 2026 +9
Jesus f****** Christ trump isn't 5 steps ahead of anything
9
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