This week, journalist Holly Ellyat wrote an article for CNBC entitled Nothing comes for free: What China hopes to gain in return for helping Russia. In this article, Ellyat discussed the meeting that is currently taking place between China's President Xi Jinping and Russian president Vladimir Putin.
President Xi traveled to Moscow to President Putin this week. The two leaders are expected to come to some sort of agreement by the end of the week in terms of if they will work together moving forward. If they do create an alliance, that could send shockwaves throughout a multitude of global economies.
One of the most impactful ways would be in the war that Russia has begun against Ukraine. Currently, Russia is beginning to experience the economic repercussions of these actions and it is reported that the Russian government hopes to receive support in the form of military and economic assistance.
If this agreement does go through then China extend its dependency on Russia by receiving energy at a cheaper price. There is also the pressing issue that China may request Russia's help in the future with over-throwing Taiwan, which China does not recognize as a county. This similarity in this situation to what happened in Ukraine has many global leaders watching how the events of this meeting unfold with a watchful eye.
https://www.cnbc.com/2023/03/21/what-does-china-want-from-russia-if-it-helps-it-with-ukraine.html
3 comments:
This meeting should definitely concerning for other world leaders because collaboration between the two nations might mean that the war in Ukraine has no end in sight. I am interested to see what come out of this meeting and how that'll affect the rest of the world.
The article discusses the possible negative effects of the meeting between the Chinese and Russian leaders. The first potential impact is related to the ongoing conflict between Russia and Ukraine. If China and Russia create an alliance, it could result in Russia receiving military and economic assistance, which could escalate the conflict and have broader geopolitical consequences. Another potential negative impact is the extension of China's dependency on Russia for energy. While China may benefit from receiving energy at a cheaper price, it could make China more vulnerable to any changes in Russia's energy policies or any disruptions to the supply of energy from Russia.
Sounds like the start of world war 3 to me. I think China and Russia can be a very scary team, especially if people want Ukraine to last. I wonder if there are alternatives for cheaper energy that China could try such as solar or wind.
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