Post
Topic
Board Economics
Re: The Geopolitical shock expected from the Russian invasion
by
be.open
on 26/05/2022, 15:55:43 UTC
How do you think China would respond to this crisis? your thoughts please.
China has made its impressive economic breakthrough on cheap coal. Then coal deposits in China began to run out and now China is the most energy-deficient country in the world. Western sanctions are pushing Russia to turn its back on Europe and divert more oil and coal to Asia, including China. If the sanctions last long enough to destroy the economic ties between Russia and Europe, China will become one of the main beneficiaries of this crisis.