Four Lessons that China Can Learn from Russia's Sanction
Pushing Russia to become an ally of China was never the intention behind the Western sanctions, but it is difficult to avoid.
Russia is not only a sympathizer to China, but also an unintentional predecessor-someone who inadvertently shows China, step by step, how the West-led sanctions can be defied. The following article is an excerpt from Professor Ding’s article on how the West, by miscalculating the Ukraine War, is granting China a great vantage point.
By Ding Yifan, 13 March 2024
When the conflict between Russia and Ukraine erupted, Russia’s economy faced significant challenges, including capital flight and a sharp depreciation of the ruble. Western media quickly predicted that Russia’s economy would be pushed into a dead end. However, as the war progressed, the Russian economy unexpectedly experienced a surge in demand.
Remarkably, in 2023, the Russian economy has been performing exceptionally well. Recent statistics reveal that Russia’s GDP in 2023 has surpassed Germany’s by $5.6 trillion in terms of purchasing power parity (PPP), establishing itself as Europe’s largest and the world’s fi…
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