China learns from Russia's experience: What's behind Beijing's secret study?
Chinese officials make regular trips to Moscow studying effects of Western restrictions on Russian economy. Beijingʼs task force analyzes sanctions impact while tensions rise over Taiwan situation
Chinese government sent its representatives to study Russias financial system - a move that shows Beijings interest in understanding Western restrictions (especially how Moscow handles them)
Russia is really a sandbox on how sanctions work and how to manage them
Beijing set-up a special task-force right after Moscow started its Ukraine operation in early-2022. The group looks at various effects including some unexpected positive impacts on local production
The study comes as China holds $3.3-trillion in foreign-exchange reserves which could be at-risk during potential Taiwan situation. Chinese companies help Russia with military supplies while officials try to move away from US dollar-based assets
- Economic impacts assessment
- Banking system adaptation
- Import-export modifications
- Alternative payment systems
Chinese officials make back-and-forth trips to Moscows central bank ministry of finance and other agencies. Lai Ching-te Taiwanʼs president spoke about preventing war during his Pacific tour stop at Pearl Harbor: this happened while Beijing promised strong response to US-Taiwan arms deal
The sanctions didnt hurt Russia as much as expected - wages went up and people kept buying things but recent rouble drop made Kremlin calm peoples fears. Experts say China watches how Russia prepared its economy before 2022 but also sees how West can unite on restrictions when needed
