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.
At the moment China seem to be the benefactor apart from the coal that Russia is depositing there, because of the new relationship that has been caused by the war and sanctions against Russia, china is trading with Russia heavily although on informal bases . Almost all energy resources is going to china as the biggest partner now.
Currently, around 80 per cent of Chinese imports of Russian products are minerals, and crude oil comprises more than 70 per cent of those imported minerals, according to Post calculations based on Chinese customs figures.
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