Russia's budget .........................37% of GDP Russia's SOEs............................30% of GDP Government direct control...........67% of GDP government debt before the war,,17% approx of GDP
Essentially, Russia is a State Capitalist country in that its Government controls 2 thirds of its GDP
China for example directly controls about a similar share of its GDP to that of Russia: 35%% of GDP............SOEs 33% of GDP.......... Budget Gov direct control 68% of GDP
Both have I political party regimes.
So from a pure economic perspective , both countries have more similarities than differences, IMO.
So, for that reason, China will be closely monitoring the impact of western sanctions on Russia out of self interest, IMO.
Re: Chinese economic "aid" to Russia:
Will that be: -bonds -equity in SOEs -equity in resources -or a mix of all 3
