Allergic to bullshitters, never argue with fools
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China will put its own interests first in relationship with Russia
China is unlikely to deepen further its strategic alliance with Russia as the result of the war in Ukraine, for fear of suffering removal from the rewards of globalisation. At the same time, China and other countries will be looking closely at the repercussions of the western asset freeze against Russian state interests. This may encourage some countries to move away from the dollar and into assets more secure from seizure. These assessments were among the results of a meeting of OMFIF’s advisory council on the effects of the conflict in Ukraine. Tendencies towards asset diversification – already on display well ... (full story)
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