ANI
11 May 2022, 09:25 GMT+10
Beijing [China], May 10 (ANI): Russia-Ukraine conflict has come as a surprise for China's leadership which is assessing the costs and consequences of any future use of force to gain control over Taiwan.
According to Policy Research Group, China's independent refiners are discreetly buying Russian oil at highly discounted prices during the ongoing Ukraine war to avoid coming under the ambit of US sanctions.
Additionally in March, Russia bought 9,950 metric tons of alumina from China, which is almost 10 times more than what Russia purchased in the same period a year earlier, POREG further reported, citing Chinese customs data.
Meanwhile, the Chinese authorities are also conducting a large-scale check of the stability of the Chinese economy amid concerns about sanctions over cooperation with Russia. Chinese companies are quietly assessing the risk of "secondary sanctions" if they keep supplying Russia with products that may involve US technologies.
According to a CNN report, China is extending an olive branch to the US in a bid to prevent Chinese firms from being kicked off the US stock market as a fallout of the sanctions.
CIA Director William Burns said, "The bitter experience of the first 10-11 weeks of the Russia-Ukraine conflict has come as a surprise for China and their leadership is assessing the costs and consequences of any future use of force to gain control over Taiwan."Continuing further, he said that Chinese President Xi Jinping is "unsettled" because of the "economic uncertainty" and "reputational damage" due to China's association with the "brutishness of Russia's aggression" against Ukraine.
Meanwhile, Taiwan's Foreign Minister Joseph Wu expressed hope that the international community would support the Taiwanese government in case of a Chinese invasion, and would place sanctions on China in the same way the sanctions were imposed against Russia.
However, on a contradictory note countries which have traditionally taken a non-aligned approach to foreign policy have stayed away from the US campaign to isolate Russia economically as most countries in South America, Africa and Asia are standing on the sidelines, media reports said.
With the Ukraine conflict unfolding, the Chinese apparently have a first-hand assessment of the Western world's stomach for a fight, which doesn't entail boots on the ground, many in China have had the apparent motive of annexing the territory of a non-nuclear and smaller country. (ANI)Get a daily dose of Professional Autos news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Professional Autos.
More InformationFRANKLIN, Tennessee: Hundreds of thousands of Nissan and Infiniti vehicles are being recalled across the United States due to a potential...
REDMOND, Washington: Microsoft is the latest tech giant to announce significant job cuts, as the financial strain of building next-generation...
LONDON UK - U.S. stock markets were closed on Friday for Independence Day. Global Forex Markets Wrap Up Friday with Greeback Comeback...
SANTA CLARA, California: Nvidia came within a whisker of making financial history on July 3, briefly surpassing Apple's all-time market...
SACRAMENTO, California: California's multibillion-dollar farms are facing a growing crisis—not from drought or pests, but from a sudden...
WASHINGTON, D.C.: President Donald Trump says the United States could soon reach a trade deal with India. He believes this deal would...
Kabul could become the worlds first capital to run out of water completely, experts say, blaming the crisis on rapid population growth,...
New Delhi [India], July 5 (ANI): Young Indian was created to revive Associated Journal Limited (AJL) and not to earn rent, Congress...
Sheopur (Madhya Pradesh) [India], July 5 (ANI): Heavy rainfall in Madhya Pradesh's Sheopur district on Saturday led to severe waterlogging,...
Raipur (Chhattisgarh) [India], July 5 (ANI): Chhattisgarh Chief Minister Vishnu Deo Sai on Saturday inaugurated a three-day foundational...
New Delhi [India], July 5 (ANI): The work on the Mumbai-Ahmedabad high-speed bullet train project is going on in full swing in Maharashtra,...
* China's first LEGOLAND resort opened on Saturday in Shanghai. * Spanning 318,000 square meters, LEGOLAND Shanghai Resort is the...