Although a direct handout is unlikely, China might help the Russian economy by boosting funding for projects, mainland analysts say
By Teddy Ng in Beijing
South China Morning Post
China is preparing to flex its financial strength amid the economic crisis in Russia as it closely watches how the slump of the Russian rouble affects cooperation between the two countries, mainland analysts have said.
They said Beijing was unlikely to send aid to Moscow, but it would boost infrastructure and investment projects to stop the collapse of the Russian economy, a result that would hurt the two nations’ joint attempts to build influence in international affairs.
China and Russia have both described their relationship as reaching a “new stage” after the signing of massive cooperation deals in recent months, including…
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