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Good question.
Ukraine buys a lot of weapons parts from china, eg. for drones, and it's not uncommon to find Chinese suppliers that choose to only work with Ukraine. But I think in the bigger picture, China is backing Russia. Without Chinese support, this war would be over a lot sooner with the Russian economy collapsing even sooner.
Overall, China is an enemy of the west, and the amount of trade we do with China is stupid.
should we cut off all trade with China? or curtail by at least half?
Apple $AAPL is seeking President Trump's administration approval to purchase memory chips from Chinese company CXMT, despite its US blacklist status over alleged military ties, FT reports.
Why does the west and everyone else for that matter trade so much with China?
Because China pays the highest prices for commodities and sells manufactured goods for the lowest price.
China has built a highly efficient and competitive economy combining state capitalism with free enterprise and seriously determined strategic development.
If you do not trade with them you lose the best prices for your exports and pay more for your imports.
For decades inflation globally has been kept in check by China continuing to produce more and more efficiently.
China has beaten the west at its own game- capitalism.
They have learned how to respond to western imperialism since The Opium Wars while most in the west do not even know what The Opium Wars were.
If you do not trade with them you lose the best prices for your exports and pay more for your imports.
Everyone suffers and dies in war. It's worth it.
The crony capitalist neoliberal west LOST the trade war with China.
They beat you at your own game. Loser.
Deal with it.
BTW you might enjoy, and learn from the doco - Skyking.
If you say so. We'll see what happens in practice-China.
$1 Chinas Trillion trade surplus vs $40 Trillion US debt = regime change.
Skyking is a good watch...about the decline of US economy and culture- from the inside.
Recommended viewing for @coffeebadger
$1 Chinas Trillion trade surplus vs $40 Trillion US debt = regime change.
Yes. We have to Tiananmen internal traitors/invaders at the same time that we're helping China deal with theirs. Of course it's going to be an absolute mess. The communists started it.
IMO the conflict between Ukraine and Russia is subservient to the wider contest between US-the west, and China.
China backs Russia by buying the oil and gas and supplying Russia with the manufactured goods Russia needs to sustain the war.
It is a win win for China- discounted oil and gas supplies and significant sales of goods to Russia all the while also supplying Ukraine with the supplies it needs to fight back.
At the same time the war reduces US-the wests supplies of war materials and costs the west in terms of energy supplies.
China has won the trade war and US global hegemony is being challenged.
China can now provide a near full service alternative to nations like Iran and Russia who are sanctioned out of SWIFT and trade with the west.
China is in a position of significant strategic and military power projection capacity because it converts commodities into manufactured goods more efficiently than anyone else can.
The world trades with China so much because they offer the best price for commodity exports and manufactured goods imports.
The US-west is spending huge sums both in Ukraine and the Middle East conflicts, running down military stocks and facing a stalemate while China has profited from cheap oil and near exclusive export markets in Russia and Iran.
China is playing both sides, staying out of direct conflict, supplying Ukraine, Russia and Iran with parts, while US western military is depleted.
Trumps Iran war has reduced the flow of oil from Iran and other gulf energy exporters to China, but Chinas massive oil reserves are still holding up while many US allies fuel supply chains are close to collapse.
In large part war is an economic function- and so far in the contest China is mostly profiting while the west is mostly being depleted financially and militarily.
Ukraine and the Iran-Middle East conflict are both proxy wars between US and China in a contest for global dominance.
Arguably, China is winning without being involved directly in the fighting.
Sun Tzu - 'The supreme art of war is to subdue the enemy without fighting.'
Great work and reporting thanks.
Curious to hear how Ukrainians see China?
After all Russia and China signed a mutual strategic partnership deal the week before the war began and without Chinas ongoing support, buying Russian energy exports and providing manufactured goods Russia would not likely be able to still be waging this war.