Paul Krugman pours cold water on on any Russian hope China will bail them out

[kpete]

China has little incentive to prop up Russia.

Putin may dream of restoring Soviet-era greatness, but China’s economy, which was roughly the same size as Russia’s 30 years ago, is now 10 times as large," he explained before writing, "So if you try to imagine the creation of some neofascist alliance — and again, that no longer sounds like extreme language — it would be one in which Russia would be very much the junior partner, indeed very nearly a Chinese client state," and then needling Putin once again with, "Presumably that’s not what Putin, with his imperial dreams, has in mind."


"China, then, can’t insulate Russia from the consequences of the Ukraine invasion. It’s true that the economic squeeze on Russia would be even tighter if China joined the democratic world in punishing aggression. But that squeeze is looking very severe even without Chinese participation. Russia is going to pay a very high price, in money as well as blood, for Putin’s megalomania," the economist concluded.

https://www.rawstory.com/russia-sanctions-2656873888/
https://www.nytimes.com/2022/03/07/opinion/china-russia-sanctions-economy.html

[uponit7771]

1. K&R, I'm torn ... Xi has to be seeing Putrid getting his ass kicked and think he doesn't need ...

... a ball and chain when it comes to his plans.

On the other end, what other way to weaken Putrid but to get him caught in a quagmire in UKR and then bleed him even dryer with trade.

[Phoenix61]

2. Otherwise known as the long game.

Something a country with a recorded history of 5,000 years would understand very well.

[uponit7771]

3. +1,