China is fundamentally a Marxist-Leninist system where economics trumps politics and for that reason beneficial trade with Russia is the main game.
IMO it will be interesting to see what the Global economic outcome of this war will be: -can Russia sustain its economy in the face of Western EconomicSanctions. -can European NATO & the EC withstand the war's economic shock -and last but not least, how will the economic balance between the USA & China sway?
IMO, China is a bigger threat to the USA than Russia and up to the Ukraine War, & Covid, China was rapidly closing the GDP gap.
The big question is: Will the Ukraine War (when its done and dusted) favour the USA economically or that of China?
IMO, the latter because, despite Covid (which has moderated Chinese inflation rather than rising interest rates) China is now recieving cheap oil, gas, fertilisers & food from Russia while the rest of the world is 'paying retail" and yet China's trade with the West hasn't been impacted.
While many on these threads have a 'foor soldier's" perspective, IMO, its apt to take a broader/longer term economic view because, after all, that's what HC is fundamentally all about (an investment blog...eh?)
