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“China has not funded any new infrastructure projects in Russia for months as Beijing focuses its attention on preventing a financial crisis at home.
Financing and investment through the Chinese Belt and Road Initiative (BRI) fell to $28.4bn (£23.6bn) over the first half of 2022, down from $29.4bn during the same period last year.
No money went to new projects in Russia, Sri Lanka or Egypt, all of which had previously been key beneficiaries of Chinese spending. The lack of engagement with Russia suggests Chinese businesses may be afraid of falling victim to secondary sanctions introduced against Moscow over the invasion of Ukraine.”
I do not know if the article is real or not (we will have to wait a source closer to Beijing) but I am so grinning thinking “Eat this Putin, even your best friend used you and tossed you away because you are a lunatic”.
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