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
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Russia's budget .........................37% of GDPRussia's...
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