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China's covid response was extremely damaging to China, but thanks to the US and their allies response to Russia, China has received plenty of intermediary free
by rjzzleep 4y ago
China's covid response was extremely damaging to China, but thanks to the US and their allies response to Russia, China has received plenty of intermediary free money to add to their economy. Cheaper energy, and arbitration returns from Russian goods to western economies for a premium. Ultimately China will find a way to cope without the products from the west. Europe however cannot cope without the cheap goods from China and the cheap energy from Russia.
India is by the way the only major economy that is projected to grow over 6% next year. That's largely due to profiting off of resell of Russian goods.
The problem is that people conflate their own moral standing with actual factual realities and unfortunately it will cost _us_ dearly.
- adventured 4y agoIndia isn't growing (projected, un huh) at 6% due to profiting from Russian exports, that's a joke. Russia's economy is trivial in size, as are their non-energy exports. A $20-$30 gap in the price of oil via artificially cheap Russian oil isn't the difference between India's large economy (3x larger than Russia, nearly the size of Germany) growing at -3% vs growing at +6%. We need to put the hammer down far harder on Russia than we have so far.