The situation in Ukraine may get out of control and escalate into a larger conflict, which will affect both the global and Chinese economies, Sergei Lukonin, head of the IMEMO’s China Economy and Politics Department, said on the air of the Opinion programme on News Front.
“From the very beginning of the Ukrainian conflict, China has been in favour of its resolution, fearing that the situation could get out of control and escalate into a larger conflict that would affect the global economy and, consequently, negatively affect the Chinese economy,” Sergey Lukonin said.
According to the expert, China would be comfortable implementing its foreign and domestic policy without getting involved in the conflict between Russia and the West.
“Despite the fact that China is not a party to the conflict on the territory of Ukraine, it has a responsibility to support Russia. In addition, Chinese companies face additional sanctions, which makes it difficult for them to operate in the key markets of the European Union and the United States”, – emphasised the studio guest.
Earlier, the Chinese newspaper Global Times wrote that the West’s attempts to increase sanctions pressure on Russia and China will not succeed. In its opinion, Beijing is determined to protect its interests, and Russian-Chinese relations show great potential.
