SWIFT Vs CIPS: Rise of China's Digital Silk Road

Namaskar,We bring to you the podcast on “SWIFT Vs CIPS: Rise of China’s Digital Silk Road” which talks about how China is building its own financial infrastructure from AIIB to Digital Yuan to BlockChain network integrating with its payment system CIPS rivaling the Western backed SWIFT which is backbone of Dollar based financial system. We explore how China’s has integrated this digital architecture not only locally but even internationally through its Belt & Road project thus giving countries across the world an alternative to US backed SWIFT system. The weaponization of Dollar & sanctions on Iran, Russia, North Korea make China’s CIPS even more attractive to bypass western financial system. China has also expanded this network and using this to settle commodities trade like Oil with Saudi Arabia and infra project settlements in Africa and South East Asia. This is a direct challenge to Pax Americana world order where America & the western world could dominate and dictate terms on global economics & finance. We really hope you like the podcast. For the in-depth analysis you can read our blog over here. Do like and share the same. Kindly subscribe to Niti Shastra on SubStack, YouTube (@NitiShastraIndia), Spotify and Apple Podcasts. RegardsNiti Shastra This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit nitishastra.substack.com