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I think the one that will profit most is China, being the remaining trade partner in a much similar way when most of the world imposed sanctions against north K
by belorn 5y ago
I think the one that will profit most is China, being the remaining trade partner in a much similar way when most of the world imposed sanctions against north Korea. At the same time this will reduce the impact on prices, since as long China is connected to the global economy then the global supply will still increase when they buy from Russia.
There will be costs associated with transportation for EU, be that from China (as a middle man for Russia) or Canada/US.
- CRConrad 5y ago> I think the one that will profit most is China If nothing else, is anyone keeping a very sharp eye out for what's going on around Taiwan or in the South China Sea, now that everyone's attention is on the Russian Kim's Ukrainian adventure?
- dragonelite 5y agoSo you're saying the germans will drive german cars designed in germany but made in China.
- thematrixturtle 5y agoChina is not a gas exporter, or do you mean that they can buy Russian gas more cheaply now? In any case it's Qatar and other Arab states that produce LNG are the ones who'll be laughing all the way to the bank here.
- eatonphil 5y agoI don't think China benefited per se (let alone profited) by being the only one with economic ties to North Korea. As I understand it it's a pretty parasitic relationship. China's reason to help North Korea is more so political and territorial than economic.
- davrosthedalek 5y agoIt also guarantees them exclusive access to rare earth deposits in North Korea, I thought that was also a major point. They certainly have interest in a stable NK, not a "Maybe I press the red button today" NK.
- stjohnswarts 5y agoIf China didn't subsidize N. Korea the country would fall into ruin and they would have a refugee crisis on their hands.
- eatonphil 5y agoThat's still a negative reason though. Profit is a positive reason.
- stjohnswarts 5y agoI'm pretty sure on the whole N. Korea is a money sink for China in the forseeable future.