So let's say the US tries to extend the sanctions against Russia to China. Comprehensive sanctions like those would blow up the world economy ASAP. So how selective would a boycott on China be ? Huawei has gotten a swift kick, but Chimerica is so much than that.
Global decoupling accelerates. Euro American ties strengthen. Cheap Chinese imports rapidly inflate in cost if allowed to to continue at all. China grasps for straws as it tries to provide war support while dealing with its demographic crisis. Africa and LATAM are wildcards.
1. The US did support China's efforts to free themselves from Japan prior to WWII[1]. Which was likely one of the reasons Japan bombed Pearl Harbor.
2. The US then proceeded to support China with trade and help integrate them into the Democratic sphere[2]. Which has aided China's current prosperity. Yes - and the West got benefits from that also but it was a 2 way street.
3. Of course Russia has fought wars with China over Manchuria[3] and still holds disputed territory.
Makes perfect sense why China would want to prevent the West from providing similar support for Ukraine (sarcasm). They should at least get something from Russia for it. It is a case of "Show me the money". Once Russia's need disappears so will their overtures to Beijing. Russia appears to be becoming the next North Korea. Maybe that is something China wants? Imagine having a North Korean like puppet the size of Russia where their entire economy exists only because China allows it. Sweet.
"To date, we have seen Chinese companies and of course, in China, there's really no distinction between private companies and the state."
Of course, because in the United States there is.
“Not one major Wall Street executive went to jail for destroying our economy in 2008 as a result of their greed, recklessness and illegal behavior. No. They didn’t go to jail. They got a trillion-dollar bailout.”
