Why has America not kicked China out of SWIFT?
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Description
America is increasingly hostile towards China and one of ultimate weapons in America’s arsenal is to kick China out of SWIFT, the America controlled international intermediary and executor of financial transactions between banks worldwide. In recent years, from Trump to American Congressman, there are occasional talk of kicking China out of SWIFT, in order to decouple US from China and stop China from trading internationally. If this weapon is so powerful, why is China still not being kicked out? Before I answer this question, allow me to share some statistics and background information.  I set up and operate this channel alone, hoping to share the real China with the world as well as clarify misconceptions and lies against China.  The continued development of China is the biggest game-changer in this century that affects all aspects of everyone’s lives. Embrace the change and seize the opportunity. Creating original content is hard work, your support is what keeps me going. Please support me on Patreon: patreon.com/ChinaExplained and  donate to this channel: https://paypal.me/ChinaExplained?locale.x=en_GB Support the show (https://www.patreon.com/chinaexplained)
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