China has taken measures to 'sanction-proof' its economy by developing alternative financial systems and infrastructure, including developing its own iteration of SWIFT called CIPS (Cross-border Interbank Payment System) which not only does financial messaging but also settlement, unlike SWIFT which only does messaging.

factualpending

Speaker

Dr. Zong Yun Lou

Evidence Quote

China has been taking measures to sanction proof its economy...cips the crossb interbank payment system...it also does a settlement right whereas Swift is only only does uh messaging

Source

China's Trillion-Dollar Game: Sovereign Wealth Funds || El Podcast EP51El Podcast
Created: 8/10/2026, 10:46:22 PM

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