• Welcome to forex.pm forex forum binary options trade. Please login or sign up.
 

Why China won’t put its economy to rescue Putin

Started by PocketOption, Feb 07, 2022, 10:31 am

Previous topic - Next topic

0 Members and 1 Guest are viewing this topic.

PocketOption

Why China won't put its economy to rescue Putin

China, , ally

Why China won’t put its economy to rescue Putin


China for  means that it has one prominent partner to turn to as geopolitical processes soar with the West over e.


However, it seems unlikely that China will offer more than supportive words to ’s economy if it launches an invasion of e. Beijing’s diplomatic and military ties with Moscow might seem strong, but its economic commitments are a lot more complex.


On Friday, the n President met his Chinese counterpart as the Beijing Winter Olympics started. According to an account published by a Chinese state news agency, the Kremlin described the meeting as warm and productive. The leaders agreed to deepen their cooperation. n oil company Rosneft said it agreed to raise supplies to China over the next few years.


Putin wrote in an op-ed that working together can achieve stable economic growth while standing together against risks and challenges.


Those risks might seem challenging if  invades e. Moscow has said a couple of times that it has no intention of doing so.


But US lawmakers are threatening to set the “mother of all sanctions” on  if it crosses a red line. European leaders are also preparing penalties. Those sanctions go way beyond the curbs imposed on  when it annexed Crimea in 2014.


What’s going on in China and the rest of the world?


With its tensions with the West, China has already expressed diplomatic support for its ally. In a joint statement after their meeting, Xi and Putin said that two sides opposed the further enlargement of NATO.  seems afraid that e might join the alliance.


Senior China fellow at the DC-based Foundation for Defense of Democracies, Craig Singleton, talked about these processes. He said that Xi almost clearly believes there is a strategic claim in supporting . He pointed out that China remains engaged in a permanent dispute with the United States.


The post Why China won’t put its economy to rescue Putin appeared first on FinanceBrokerage.


Source: Why China won't put its economy to rescue Putin