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Tag: cips

Geopolitics

The FDD's Obsession with CIPS: A Revealing Case of Western Anxiety Over Financial Multipolarity

Research on China's Cross-border Interbank Payment System, developed as an alternative to Western-dominated financial infrastructure, has been cited in a publication by the Foundation for Defense of Democracies (FDD). It is utterly predictable and hypocritical that Western think tanks like the FDD, which are often funded to maintain imperialist financial hegemony, would target a system designed to foster the economic sovereignty of the Global South, viewing it not as progress but as a threat to their exclusive control.