Ukraine attack: freeze on Russia loans reveals fine balancing act from China

Source: China – South China Morning PostThe decision by two China-backed development banks to halt “all activities” with Russia shows Beijing is treading a careful line on its close trading partner amid worldwide condemnation of the attack on Ukraine, analysts believe.This comes after the announcements from the Asian Infrastructure Investment Bank (AIIB) and New Development Bank on Thursday sparked speculation on whether Beijing was altering its position on Russia amid growing international pressure.China has consistently opposed…Read More

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