An unbiased, critical Report dated 24.03.2022 by Beijing-based Centre for China and Globalization (CCG).
"This report begins by analyzing the massive shock caused by the Ukraine crisis and the US-European sanctions against Russia, providing initial estimates of the impact on the Russian economy, world financial markets, energy and food markets, global supply chains, the European economy and more widely the global economy. Second, the report posits several possible conclusions to the Ukraine crisis and the subsequent geostrategic impact on Europe. Finally, the report concludes by examining the Chinese economy beyond its borders and providing relevant recommendations. In summary, CCG believes that China could play the role of mediator in this crisis and potentially promote better multilateral relationships among Europe, the US and Russia."
The Report flags up the need for early resolution of the crisis, which is upending the world's stability and economy in myriad ways. It mentions China's possible role in acting as mediator but does not address the essential ingredients of a sustainable peace deal which may balance the demands on all sides.
China is in a delicate situation, not wanting to contravene the hallowed UN Charter principles of national sovereignty and opposition to unilateral action. See a 28 March 2022 report by a Hong Kong correspondent of Washington D.C.-based Feature Story News. Download 220325 i24 Chi Rus
On the other hand, it's clear that the United States wants to put maximum pressure on China to help strangle Russia. CGTN anchor Liu Xin famously quipped, "Can you help me to fight your friend so that I can later concentrate on fighting you?"
So the sooner China can become the good guy by helping to broker an enduring peace over Ukraine, the better. A practical way-out may a "Swiss Solution" outlined in How to resolve the Ukrainian crisis dated 5 March, 2022 on Rome-based World Geostrategic Insights.
Comments