#China #Russia #Ukraine

The Russian invasions of Ukraine dominated the China headlines this week, focusing on China’s response to the sanctions imposed by the United States and the West. Yet there some indications that China is going to use the sanctions to its advantage, demanding concessions from Russia which could in turn put downward pressure on China’s inflation rate.

As Russia’s economy reels from crippling sanctions it will increasingly look to China to fill the gap. With both countries under massive economic pressure from the states – Russia in the form of sanctions, China in the form of dried-up funding – both are likely to move closer together, with China taking the leading role and demanding concessions from Putin.

Links:

China, told of Ukraine move in advance, asked Russia to wait until Olympics ended: sources:

https://www.scmp.com/news/china/article/3169021/china-told-ukraine-move-advance-asked-russia-wait-until-olympics-ended

China refuses to call Russian attack on Ukraine an ‘invasion,’ deflects blame to U.S.:

https://www.cnbc.com/2022/02/24/china-refuses-to-call-attack-on-ukraine-an-invasion-blames-us.html

China’s Property Market Gets Bleaker Despite Policy Support:

https://www.caixinglobal.com/2022-03-01/chinas-property-market-gets-bleaker-despite-policy-support-101848968.html

Russia, China Push Back Against US in Pre-Olympics Summit:

https://www.usnews.com/news/world/articles/2022-02-04/russia-china-push-back-against-us-in-pre-olympics-summit

Evergrande sells four projects to state-owned firms for $337 mln:

https://www.reuters.com/markets/deals/two-more-evergrande-property-assets-taken-over-by-state-owned-firms-2022-02-25/

Will Evergrande be China’s ‘Lehman moment’? Wall Street says no:

https://www.marketwatch.com/story/will-evergrande-be-chinas-lehman-moment-wall-street-says-no-11632171489

Xi, Putin pledge further development of China-Russia ties in New Year greetings:

https://www.globaltimes.cn/page/202101/1211545.shtml?id=11

Invasion of Ukraine puts Chinese relationship with Russia under pressure: https://www.cbc.ca/news/canada/british-columbia/china-russia-ukraine-sanctions-politics-1.6363217
Russian people face 'catastrophe' as ruble crashes and sanctions bite:

https://www.cbc.ca/news/business/russia-invasion-economy-column-don-pittis-1.6367198

Factbox: A look at key Russia-China crude oil ties as Ukraine crisis rages:

https://www.spglobal.com/commodity-insights/en/market-insights/latest-news/oil/030122-factbox-a-look-at-key-russia-china-crude-oil-ties-as-ukraine-crisis-rages

China's inflation slows, leaving room for policy easing:

https://www.saltwire.com/cape-breton/business/chinas-january-factory-inflation-falls-to-slowest-pace-since-july-100693856/

China’s Digital Yuan May Aid Russia Bypass SWIFT Ban, But Will It?:

https://www.nasdaq.com/articles/chinas-digital-yuan-may-aid-russia-bypass-swift-ban-but-will-it

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