Quote:
Originally Posted by CroFlames
Russia is not important to China. Russia is a country of 140 million people with a mediocre economy.
China has far larger customers in America, the EU, South America, Africa and not to mention their own neighbors in Asia.
If Russia wants to be a recluse, Chinas heart won’t be broken.
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You're only looking at it from the sales side though, when you also have to take into consideration the production aspect. Russia may not be important to China as a customer, but they are probably very important to them as a supplier of commodities. Russia is full of oil, gas, aluminum, copper, nickel, wheat, fertilizer etc. and China is a commodity monster that just eats up anything it can get to fuel its own economy. Without access to a stable supply, it too suffers...which is probably why they are abstaining from any sanctions.
Let's face it, Russia shut off from the rest of the world will have repercussions for all of us. Europe will probably be the one to suffer the most, at least in the short/medium term, as they are so reliant on Russian energy and wheat. But it will reverberate in China, and North America, and everywhere else. There was already a commodity crunch BEFORE all this Russia stuff came around...this will just make it worse.