Trade between Russia and Chinas made up just 2% of China's total trade volume.

 

 Could Russia evade Western sanctions, benefiting China? | DW News 61,643 回視聴2022/03/17

 

 

 China threatens retaliation if U.S. levies secondary sanctions Analysis: China can't do much to help Russia's sanction-hit economy By Laura He, CNN Business Updated 0815 GMT (1615 HKT) March 4, 2022

China has also signed Russian banks onto its Cross-Border Interbank Payment System (CIPS), a clearing and settlement system seen as a potential alternative to SWIFT, the Belgium-based secure messaging service that connect hundreds of financial institutions around the world.

But for China, Russia matters a lot less: Trade between the two countries made up just 2% of China's total trade volume. The European Union and the United States have much larger shares.

Chinese banks and companies also fear secondary sanctions if they deal with Russian counterparts.

"Most Chinese banks cannot afford to lose access to US dollars and many Chinese industries cannot afford to lose access to US technology," said Thomas.

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KEY POINTS

Russia’s remaining FX reserves after sanctions are in gold and Chinese yuan, effectively making China Moscow’s main potential source of foreign exchange to back up the spiraling ruble.

China could essentially provide a major buffer to the Russian economy.

But whether that’s entirely in Beijing’s interest to do is another matter.

The powerful alliance of the G-7 economies, composed of the U.S. and its European and Asian partners, can slap harsh secondary sanctions on any entity that supports Moscow. But the problem here is that China’s economy is the second-largest in the world and is a key part of global supply chains. It impacts global markets far more than Russia does. Any move to sanction China would mean much greater global effects, and likely economic pain for the West, to

China can still trade with Russian firms in rubles and yuan through the Russian banks that haven’t yet been sanctioned. But despite many years of working to increase bilateral trade in their own currencies, the vast majority of that trade – including 88% of Russian exports – is still invoiced in dollars or euros. 

Not only that, but China could be essentially catching a falling knife by taking on the credit and sanctions risks of Russia’s rapidly deteriorating economy. 

中露関係について・・・中国はすでにSWIFTに変わる CIPS　ViSAカードなどに代わる中華カードを提供して、支援しているんだ、という人もいる。

ただ、ロシアにとって中国は貿易相手として大きいが、中国にとって、ロシアは貿易相手としては雑魚。欧米日本のほうが圧倒的に大きい。

２次的制裁されたら中国もたまったものではない。同時に欧米日本にも影響は大きい、という意見もある。

中国は自己利益最優先だから、ロシアと無限の友情といってもロシアを捨てる、という意見もある。

ただ、国内的に反米、反西側ナショナリズムも強いしね。

中国関係は目が離せないところだね。