China denounces 'economic wars' as US starts campaign to cut off Iran

US-China tensionsBeijing defends Tehran ties after Bessent says 'no one is above' American sanctionsJAMES HAND-CUKIERMANAugust 25, 2026 16:49 JSTTOKYO -- China on Tuesday rejected unilateral sanctions and "economic wars," hours after the U.S. imposed fresh penalties on Chinese and Hong Kong companies while threatening broader action to halt all business with Iran.