The 69-year-old Chinese leader is expected to visit Moscow next year.
During Russia’s 9-month all-out war against Ukraine, China took a “neither yours nor ours” position. But now Chinese leader Xi Jinping has directed the government to forge closer economic ties with the Russian Federation, which could mean Beijing has finally decided to side with the Russian Federation.
This was reported by the newspaper on Wednesday, citing political advisers in Beijing The Wall Street Journal..
The authors of the influential publication write that the Chinese leader ” has been admired for a long time Putin” and that he is “doubling down the bet on the President of the Russian Federation”. The 69-year-old Chinese leader is expected to visit Moscow next year, most likely after China’s legislative session in March. the Russian ambassador in Beijing recently told reporters Igor Morgulov.
China’s plan calls for increasing Chinese imports of Russian oil, gas and agricultural goods, strengthening the Arctic energy partnership and increasing Chinese investment in Russian infrastructure such as railways and ports. In a written statement, China’s Ministry of Foreign Affairs said that “China and Russia are each other’s comprehensive strategic partners. The development of bilateral relations is based on the principles of non-alignment, non-confrontation and non-targeting of third parties.”
Xi calls the decision to deepen economic cooperation between China and Russia a “turn” in the countries’ bilateral relations, which strengthened just before the Russian invasion of Ukraine, and were “paused” after a while.
“China’s partnership with Russia has helped shield Moscow from the economic fallout of Western sanctions and allowed leader Vladimir Putin to continue the war.” Russia and China carry out more financial transactions in rubles and yuan than in euros or dollars, which helps to protect them from future sanctions and introduce the Chinese currency into wider circulation,” WSJ reporters note.
However, the recent escalation of the war in Ukraine is forcing China to comply a more balanced position, because China still needs western technology and close ties with other foreign countries to compete with the US.
We will remind you that Valery Chaly, diplomat, extraordinary and plenipotentiary ambassador of Ukraine, believes that China is taking a position that is currently favorable to Russia.