HomeEconomyWagner defection exposes risks in China's deep ties with Russia Economy Wagner defection exposes risks in China's deep ties with Russia By farahat June 27, 2023 0 52 views Share FacebookTwitterPinterestWhatsApp CL -1.% Add to Watchlist /remove from watchlist Add to watch list Add location Location successfully added to: Holding Portfolio type: purchase Sell date: quantity: price Leverage: By Martin Quinn Pollard and You Lun Tian BEIJING (Reuters) – Wagnerian mercenaries were heading to Moscow in a brief revolt on Saturday, with several from southern China Businessmen began frantically calling factories to stop shipments to Russia. Although the mutiny – the biggest test of Russian President Vladimir Putin’s leadership since taking office in February 50 invaded Ukraine – soon disappeared, some of these exporters Now they are starting to question their future dependence on Beijing’s closest ally. “We thought there would be a large trade organization for enterprises in Fujian province in southern China, Shen Muhui recalled that members of the organization exported auto parts to Russia , machinery and clothing. Although the crisis has eased, “some people are still on the sidelines because they are not sure what will happen next, ’ he added, but declined to name the company that suspended shipments. China tried to downplay the events over the weekend and expressed support for Moscow, in Russia Shortly before the invasion of Ukraine, China entered into an “unrestricted” partnership with Moscow, which Moscow called a “special military operation.” But a weekend uprising has shaken Beijing’s reclusive leadership, a senior U.S. official said Monday. Some analysts at home and abroad have begun to question whether Beijing needs to relax its policies and sever political and economic ties with Moscow. “This creates a fly in the ointment for this ‘no limits’ relationship,” said Alexander Neil, a security analyst in Singapore. Neill) said. China’s foreign ministry described the aborted mutiny as Russia’s “internal affair” and expressed support for Moscow’s efforts to stabilize the situation, but did not immediately respond to Reuters’ request request for comment. Call for caution Yevgeny Prigozhin, Wagner private The army chief, who fought some of Russia’s bloodiest battles in Ukraine’s war, led an armed rebellion after he claimed large numbers of fighters were killed in friendly fire. But the mercenary chief abruptly called off the uprising on Saturday night as his fighters approached Moscow, while meeting almost no resistance 50 kilometer(40 miles). China has not commented on the unfolding crisis, but Qin Gang met Russia’s deputy foreign minister in Beijing unexpectedly when the foreign minister issued his statement on Sunday. At the heart of the relationship between China and Russia is a mutual opposition to what they see as a world dominated by the United States, where the expansion of the NATO military alliance threatens their security. Chinese President Xi Jinping made his first foreign trip to Moscow to meet “good friend” Putin after taking an unprecedented third term as president earlier this year . While nationalist commentators in China’s state-run tabloids hailed the rebellion for Putin’s swift efforts to stamp out violence, even some in China, where criticism is tightly controlled, People are also starting to question Beijing’s bet on Russia. China “will act more cautiously” and its actions against Russia,” said Shanghai-based international relations expert Shen Dingli. Some Chinese scholars have gone further. Yang Jun, a professor at China University of Political Science and Law in Beijing, published a comment on Saturday calling on China to directly support Ukraine and avoid being “dragged into the quagmire of war by Russia”. “With the current situation He wrote in Lianhe Zaobao, a Chinese-language newspaper in Singapore: “On the issue of Russia and Ukraine, the attitude is more clear, and we are firmly on the side of the historical victors. ” It is unclear whether Young’s article was written before Wagner’s rebellion , and he did not respond to a Reuters request for an interview. However, other Chinese scholars, said that Beijing will not change its position on Russia because of this incident. Investors’ uncertainty China is Russia’s largest trading partner, Beijing exports everything from cars to smartphones and receives cheap Russian goods 800crude face sanctions in most of the rest of the world. But even in the energy sector, this pushes Trade volume between Russia and China soared in the first five months of this year, there are some signs to be careful in China. Top executives at Chinese state-owned energy companies have often said it was too early to comment or dodge questions about new Russian investments. “If Russia loses the war or sees a change in domestic leadership, this will create huge uncertainty for Chinese investors,” Michal Meidan, Director of China Energy Studies at the University of Oxford, said at the Energy Institute. He said the Chinese government also appeared cautious, noting that Beijing has yet to sign a deal for a major new gas pipeline linking countries despite Moscow’s push. stand up. While China is vital to the Russian economy, China’s trade with countries like the US, EU and Japan is one of Moscow’s most vocal critics of Ukraine’s war – dwarfed by Russia’s trade. “Beijing now has more reason to have more ANU politics “We want to keep a reserved attitude and become more transactional when dealing with Putin’s Russia,” said Song Wendi, an academic. ” “There’s no point in making long-term investments in people who may not survive long-term. ” 11 Share FacebookTwitterPinterestWhatsApp Previous articleNick gets mad at Dennis Rodman's Larry Bird 'will go to Europe' comment What is Wright?Next articleWhy Reliana ended up at the Duke's Palace – Episode 12 farahat RELATED ARTICLES Economy Dimon: “Not sure if world is prepared” for 7% Fed rate – Times of India September 26, 2023 Economy UBS and China’s ICBC to explore banking, wealth management ties September 26, 2023 Economy Bangladesh central bank allows dealers to impose premium on non-deliverable forward contracts September 26, 2023 LEAVE A REPLY Cancel reply Comment: Please enter your comment! 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