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War in Ukraine Has China Cashing In
(www.nytimes.com)
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this post was submitted on 21 Dec 2023
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This is not going to last. Russian economy is about to flip the fuck out though China got their cut already.
Will be interesting how China's opinions change once dirty money dries up but my guess is that they'll forever pretend to be fence sitters as long as Han China is doing well.
One interesting note on how down China was with new Russian market is that they started to print Russian text on national brand products like Huawei last year and I just a new pair of huawei ear phones that no longer have it. It's probably just a coincidence but it's kinda funny nevertheless.
"Russian economy is about to flip the fuck out"
Just curious, what's your sourcing on that? I ask because this has been said since the sanctions were put in place but they've managed to limb along.
It is strange, also according to the IMF forecasts GDP growth this and next year.
It's looking like no one really knows - seeing mixed signals in the recent reporting. They are reporting higher GDP but the concern seems to be projected inflation increases and a possible housing bubble.
When diving into the reporting, I found some interesting nuggets referring to Putin directing his interior ministers toward manual economic controls since 2014. The thought is in mitigating crises (Crimea and now Ukraine). From looking at China, manual controls seem to work in the short term before mistakes set in long term. Curious to see how much longer Russia can hold out.