Emily
Editor, Senior Moderator
https://www.ng.ru/world/2022-02-13/6_8370_china.html
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13.02.2022 20:22:00
Chinese business fears close alliance with Moscow
Sanctions against Russia could hit China's banks
Vladimir Skosyrev
...
In 2021, trade between China and Russia jumped 35.8% from the previous year. But it is likely to take a hit if Moscow escalates the conflict with Ukraine. After all, as Feng emphasizes, China cannot yet escape the US dollar system. Settlements in the currencies of the two countries accounted for only about a quarter of bilateral trade in 2020.
...
With regard to common international issues, the panellists noted the predominance of the Chinese ideological narrative in the joint document. For example, it speaks of the advent of a new era. This term, coined at the last 19th CCP Congress, refers to the era of Xi Jinping. But the question is, what will the era be called when he retires? The thesis of a new era has another dimension. It correlates with the proclaimed postulate about the common destiny of mankind. What is a common destiny? This is where China's demand for leadership in the world lies. After all, as they say in the official publications of the PRC, the traditional Western world is coming to a close. It is being replaced by the world of the east with China at the head. Russia is not mentioned in this concept. It's more of a western country...
https://www-ng-ru.translate.goog/wo...uto&_x_tr_tl=en&_x_tr_hl=en-US&_x_tr_pto=wapp
13.02.2022 20:22:00
Chinese business fears close alliance with Moscow
Sanctions against Russia could hit China's banks
Vladimir Skosyrev
...
In 2021, trade between China and Russia jumped 35.8% from the previous year. But it is likely to take a hit if Moscow escalates the conflict with Ukraine. After all, as Feng emphasizes, China cannot yet escape the US dollar system. Settlements in the currencies of the two countries accounted for only about a quarter of bilateral trade in 2020.
...
With regard to common international issues, the panellists noted the predominance of the Chinese ideological narrative in the joint document. For example, it speaks of the advent of a new era. This term, coined at the last 19th CCP Congress, refers to the era of Xi Jinping. But the question is, what will the era be called when he retires? The thesis of a new era has another dimension. It correlates with the proclaimed postulate about the common destiny of mankind. What is a common destiny? This is where China's demand for leadership in the world lies. After all, as they say in the official publications of the PRC, the traditional Western world is coming to a close. It is being replaced by the world of the east with China at the head. Russia is not mentioned in this concept. It's more of a western country...
