Sanctions and Summit: A Tense Prelude to Xi Trump Talks The latest US sanctions against Iran have set off a chain reaction, putting the global economy on edge as China prepares for a highly anticipated summit with Washington.
Beijing has denounced the sanctions as "illicit" and "disruptive," but its response is also a warning that it will not be intimidated by what it sees as economic coercion.
China's foreign ministry has taken a firm stance against the US measures, which could potentially expand to major Chinese banks if Washington targets core financial institutions.