China could provide a major buffer to the Russian economy. But whether that's entirely in Beijing's interest to do is another matter.
How much could China help ease Russia's economic pain? Quite a lot, theoretically.
But whether that's entirely in Beijing's interest to do, and how much it could backfire, is another matter. , amid mounting inflation and a major new Covid-19 outbreak in the country, "it might not be the best time to do that," Hess said.Still, Beijing does have a long-held alliance with Russia and can benefit from its position.
be taking all the liabilities and risks of the Russian economy onto their own balance sheet at a time when the Russian economy is at its weakest in decadesAnd while China's government has expressed "concern" over the conflict in Ukraine, it has, largely pushing Moscow's narrative of the war on its state news outlets.
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