Lets face it, this Ukrainian war and that of the Israel /Gaza war are merely side shows to the great Conflict of the 21St Century: USA vs China.
This has, long term, serious trade implications for Aus, IMO.
US assumption post its economic demolition of the USSR: (a) That China will morph into a US style capitalist/democratic State led by its Billionaires and emerging Middle Class.. China's Deng Xiaoping was understood to confirm that when he said: "It doesn't matter whether the cat is black or white so long as it catches mine " and "its OK to be rich"
(b) Along came Xi, an specialist Marxist on the demise of the USSR, who had/has a plan to prevent the US demolition of China ala that of the USSR had/has a strategy as follows: -1 Develop the BRI to firewall its supply chains-destribution chains. against US aggression -2 Develop the artificial islands in the South China Sea to protect Chinese shipping lanes and develop land routs to and from Europe/Middle East/Africa to circumvent shipping choke points such as the Strait of Malacca, The Strait of Hormuz , the Suez Canal etc etc etc -3 Add value to Chinese exports by "Made in China 2025 Program -4 Stamp out corruption especially by the Billionaires who pose a threat to the CCP rule -6 Reinforce the BRICS & the South economically by providing alternative finance to the US World Bank & the IMF -7 Push back the US from Asia-8 Debunk the USD as the Global Currency -9 Be the leading Global Power by 2049 (100 year anniversary of the CCP Revolution)
IMO this strategy's implementation has been accelerated by both the Ukraine and Palestinian Wars in that it has polarised the world into those who support the USA and those who support the China/Russian alliance of which the replacement of the USD in Russian and Chinese trade has accelerated the demise of the USD as the Global Reserve currency and, by implication, the reduction of the US economic influence globally.
All IMO only, and those considering long term global investments should first consult a professional financial advisor.
# The crippling US instigated economic sanctions on Russia has sent a salient message to other countries who are not US allies (particularly China) what the US mix of economic sanctions would mean; hence the move away from the USD in BRIC's trade post Feb 2022.
