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China is ascendant on the international stage, with trade and diplomatic relations growing rapidly. Russia is near inconsequential compared to their existing ec
by dahdum 5y ago
China is ascendant on the international stage, with trade and diplomatic relations growing rapidly. Russia is near inconsequential compared to their existing economy, trade, and clout. China is at risk of becoming, as someone else put it, the leader of the gang of international misfits. Meanwhile the West is pulling rapidly together while neutral countries are skewing towards their way.
I can’t claim to be an expert, but it seems pretty clear to me that China’s action or inaction on Russia will have huge implications on their next decade and beyond.
- actuator 5y ago> Russia is near inconsequential compared to their existing economy, trade, and clout. Russia is inconsequential compared to their trade and economy but not clout. But looking at the overall figures is just partial picture. China imported over 10M barrels of oil per day last year. [1] At current prices of Brent, i.e. an import bill of $1.4 billion per day or $500 billion per year. Imagine getting a discount on that. Also, Russia still has tech advantages over China in some areas, the best fighter aircraft in PLA's force uses Russian made engines. They rely on Russia for their Air defense systems, the S400. [1] https://www.reuters.com/markets/commodities/chinas-crude-oil-imports-post-first-annual-drop-20-years-2022-01-14/ https://www.reuters.com/markets/commodities/chinas-crude-oil...