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Panic Selling Grips Chinese Stocks in Biggest Plunge Since 2008

However, the Americans walked away from the Rome meeting pessimistic that the Chinese government would change its minds about backing Moscow. “The key here is first to get China to recalculate and re-evaluate their position. We see no sign of that re-evaluation,” said another US official familiar with the discussions. “They’ve already decided that they’re going to provide economic and financial support, and they underscored that today. The question really is whether they will go further.” Top of the Russian military shopping list in China are armed drones and various forms of ammunition, but any military transfers would not be straightforward.

“It really is a project of Xi Jinping. He is totally, fundamentally behind this closer partnership with Russia,” the US official said. There is more scepticism lower down the ranks, but Xi and Putin have bonded over their shared view of the US as being heavy- and high-handed, and determined to end the period of US global dominance. If China does back Russia in its showdown with the west, the Biden administration will shift its focus to persuading allies, in Europe particularly, to rethink their relationships with Beijing. Sullivan is due in Paris on Tuesday for discussions with the French government.

nostromos έγραψε: 14 Μαρ 2022, 16:28 https://twitter.com/zerohedge/status/15 ... 9796980736