Due to anti-Russian sanctions, the country’s trade with Russia exceeded $200 billion this year, much earlier than the two countries had planned.
Chinese car manufacturers benefited the most. Sales to Russia helped China overtake Japan as the world’s largest car exporter this year. Chinese automakers have captured 55% of the Russian market. In pre-war 2021 they had 8%.
Russia, in turn, sold China not only oil and gas, but also products - chocolates, sausages and other consumer goods, which began to appear in abundance in Chinese supermarkets.
“Cheap Russian energy, bypassing sanctions imposed by the West, has helped Chinese factories compete in global markets while their rival manufacturers in other countries, especially Germany, faced sharply higher energy costs,” the newspaper writes.
Russia’s actions in Ukraine also received media support from China.
“State media constantly spread Russian propaganda in China and around the world. Russia is so popular in China that social media influencers flock to Harbin, the capital of China’s northernmost eastern province, Heilongjiang, to pose in Russian clothing in front of a former Russian cathedral.” , says the article.
Russia’s war in Ukraine has also gotten an image boost from China. State media disseminates a steady diet of Russian propaganda in China and around the world.
holy cope
Sanctioning a country that has, for centuries, shared a border with another country that happens to be the world’s largest producer of goods makes them trade with each other more. Who woulda thunk
lol clearly this was a big revelation for western “leaders”
India is also winning, too. They now export more oil to Europe than Saudi Arabia. The only people losing seem to be europeans who are rapidly deindustrializing :). France’s manufacturing and services are literally at the same level as during the height of the pandemic.
a great discussion about this from Ben Norton https://www.youtube.com/watch?v=DkuKnYdtW9w
Oh yeah that’s where I initially got the info from. Norton is the goat.
Agreed, he does great analysis and I enjoy the show that Hudson and Desai have there too.
It is not just China that’s benefiting, but good for them, and I’m glad western sanctions have been rendered ineffective.
Saudi Arabia has been buying more Russian fuel oil too https://www.reuters.com/business/energy/exclusive-saudi-arabia-doubles-q2-russian-fuel-oil-imports-power-generation-2022-07-14/
basically great for everyone who’s not a US vassal
Or trying to be more independent. I sense that the Saudi government wants to have an independent foreign policy but is trying not to be turned into another Iraq or Libya by the US. The stronger Russia and China get, the more freedom it will have in pursuing an independent foreign policy.
Indeed, and the global economic restructuring is definitely creating new opportunities for countries that used to be under US yoke.
Saudi Arabia and Turkey are definitely the ones to watch going forward to get an impression of the way the wind is blowing in the global balance of power. Both regimes are highly opportunist and will very likely switch sides rather than go down with the West’s ship.
Sounds like a bunch of losers whining.
