US to shut down Chinese companies if they aid Russia : US Commerce Sec.

[Han Patriot]

China have significant trade relations with NATO member states - much bigger portfolio than Russia in fact.

U.N. General Assembly in historic vote denounces Russia over Ukraine invasion

The United Nations General Assembly on Wednesday overwhelmingly voted to reprimand Russia for invading Ukraine and demanded that Moscow stop fighting and withdraw its military forces, an action that aims to diplomatically isolate Russia at the world body.

www.reuters.com

Why are you so worked up over this? Calm down and relax.


Two Chinese banks are respecting sanctions already. I have posted relevant information above.

There is much rhetoric on PDF and then there are ground realities out there. Let us see.

I think it's a balance, we need to trade with both sides, companies doing business with the West will respect sanctions while those that are doing business with Russia will continue, we have been buying iranian and Venezuelan crude for God knows how long. We are a pragmatic race, like Deng once said, does matter white or black cat, as long as it catches mice. It is precisely because we are not rigid and ideological, we can thrive.

 

[Abdul Rehman Majeed]

Why are you so worked up over this? Calm down and relax.

China is Pakistan's strategic ally and we need to support China in this critical time.

 

[Han Patriot]

You are no God, there are other nations and countries exist on this planet.

This is the reason why US will face a downfall, the utter arrogance and disrespect of other countries while committing atrocities a cross the world

 

[LeGenD]

NATO is a military alliance and China has no Business ties with NATO.

China has Business ties with countries which may be part of NATO.

No shit sherlock

Half glass is Empty
Half glass is Full

Point is the same.

 

[MH.Yang]

It is not wise and necessary to argue over every point made in a thread. The point in question is correct.

USA still has advantages over China in traditional science and technology, but China is almost all ahead of the USA in emerging science and technology. For example, hypersonic technology, artificial intelligence, face recognition, quantum science, genetic engineering, inheritance engineering, big data, 5g, electromagnetic gun, etc. USA has fallen behind in these areas, and the gap is growing.


Data from Japanese website NIKKEI:

PATENT WARS in DIGITAL ERA

Published Feb. 12, 2020 | The global competition for patents in prominent fields from artificial intelligence to regenerative medicine is overheating. Nikkei has compiled sets of proprietary data to discover what companies and countries have taken the lead in each of 10 critical fields.

vdata.nikkei.com

 

[lastofthepatriots]

Illustration of US debt to China:

This is why US wants regime change in China so bad, but alas power disparity in military has decreased. Looks like Uncle Sam is going to have to pay what they owe.

@HAIDER

 

[FairAndUnbiased]

China have significant trade with NATO as well.

U.N. General Assembly in historic vote denounces Russia over Ukraine invasion

The United Nations General Assembly on Wednesday overwhelmingly voted to reprimand Russia for invading Ukraine and demanded that Moscow stop fighting and withdraw its military forces, an action that aims to diplomatically isolate Russia at the world body.

www.reuters.com

Why are you so worked up over this? Relax.


Two Chinese banks are respecting sanctions already. I have posted relevant information above.

There is much rhetoric on PDF and then there are ground realities out there. Let us see.

They're respecting USD sanctions only from your link, not all sanctions i.e. RMB-ruble transactions are still active. ground reality not rhetoric.

EXCLUSIVE Russian firms rush to open Chinese bank accounts as sanctions bite - sources

The Moscow branch of a Chinese state bank has seen a surge in enquiries from Russian firms wanting to open new accounts, a person familiar with the matter said, as the country's businesses struggle with international sanctions after its invasion of Ukraine.

www.reuters.com

Here's social media ground realities, for you to see.

Why the Chinese Internet Is Cheering Russia’s Invasion (Published 2022)

As the world overwhelmingly condemns the assault on Ukraine, online opinion in China is mostly pro-Russia, pro-war and pro-Putin.

www.nytimes.com

Here's Russian stores selling out of product, another ground reality, for you to see.

In China, a run on Russian chocolates as show of support

A Russian-run online store on Chinese e-commerce platform JD.com thanked Chinese shoppers for their support after it sold out of most items including chocolate and fabric softener, saying it showed the country's friendship in "difficult" times.

www.reuters.com

 

[retaxis]

US is helping drive an Eurasian community dominated by China and Russia playing a key role as well. ASEAN, Central Asia even Middle East will all be part of this new economic bloc. Whatever US does it always fails for some reason against China. This is helping create Belt and Road into something far more than what it originally was envisioned. As USA continues to decline demographically, economically and socially. Asia + Africa + Latin America is going to be in a large economic bloc led by China and fueled with Russia, Venezeulan, Iranian gas + oil.
20 years from now, China economy will be bigger than US + EU combined and will lead a new global bloc including Africa, Asia, Latin America as those countries are all growing as well with help of chinese trade.

 

[Abdul Rehman Majeed]

US is helping drive an Eurasian community dominated by China and Russia playing a key role as well. ASEAN, Central Asia even Middle East will all be part of this new economic bloc. Whatever US does it always fails for some reason against China. This is helping create Belt and Road into something far more than what it originally was envisioned. As USA continues to decline demographically, economically and socially. Asia + Africa + Latin America is going to be in a large economic bloc led by China and fueled with Russia, Venezeulan, Iranian gas + oil.
20 years from now, China economy will be bigger than US + EU combined and will lead a new global bloc including Africa, Asia, Latin America as those countries are all growing as well with help of chinese trade.

Don't count on ASEAN. Most of them are lackeys of the US.

 

[retaxis]

Don't count on ASEAN. Most of them are lackeys of the US.

They have historically been voting in favour of China because of Laos, Cambodia, Myanmar, Vietnam who are all anti US. Some members are pro us but they are not anti china. In general ASEAN is huge partner of China bigger than EU.

Chinese diaspora in ASEAN is massive and they control huge economic and political influence in ASEAN. e.g. Vietnamese and Thai Chinese contribute more than 40-50% of their countries economy. Malaysian Chinese contribute 80% of their countries economy. Then there are countries like myanmar, laos, cambodia etc who are firmly in Chinese camp militarily and economically as well. Thailand, Phillipines are pro-us but not anti-china.

 

[LeGenD]

China is Pakistan's strategic ally and we need to support China in this critical time.

Pakistan is already doing everything it can for China in the form of CPEC (and itself), but Pakistan is too big to subsist on CPEC only.

Pakistan has significant trade deficit with China which might not be possible to overcome anytime soon. Chinese industries are much more competitive than Pakistani industries to begin with. Pakistan has no choice but to expand its EXPORTS portfolio, therefore.

Pakistan benefits much from its trade and business relations with USA and Europe as a collective (trade surplus and jobs). Pakistan's volume of trade with these countries has increased a lot in recent years. Pakistani journalists are too busy discussing petty politics on the other hand. GOP doesn't care to highlight the obvious either which is disingenuous. Misplaced priorities.

Pakistan should NOT be involved in USA - China - Russia angle and issues. WE will be shooting ourselves in the foot in this matter.

begani shaadi mein abdullah deewana

 

[kankan326]

US has put too many Chinese companies/institutions into its entity list already. US warning is meaningless for them. Russia will get everything it wants from China. No doubt about that.

 

[kankan326]

It is not wise and necessary to argue over every point made in a thread. The point in question is correct.

Stock market can not explain everything. China's total stock market value is about 10 trillion dollars. US stock market value is about 51 trillion dollars. But US real economy is only about 1/4 bigger than China.

 

[LeGenD]

They're respecting USD sanctions only from your link, not all sanctions i.e. RMB-ruble transactions are still active. ground reality not rhetoric.

EXCLUSIVE Russian firms rush to open Chinese bank accounts as sanctions bite - sources

The Moscow branch of a Chinese state bank has seen a surge in enquiries from Russian firms wanting to open new accounts, a person familiar with the matter said, as the country's businesses struggle with international sanctions after its invasion of Ukraine.

www.reuters.com

Here's social media ground realities, for you to see.

Why the Chinese Internet Is Cheering Russia’s Invasion (Published 2022)

As the world overwhelmingly condemns the assault on Ukraine, online opinion in China is mostly pro-Russia, pro-war and pro-Putin.

www.nytimes.com

Here's Russian stores selling out of product, another ground reality, for you to see.

In China, a run on Russian chocolates as show of support

A Russian-run online store on Chinese e-commerce platform JD.com thanked Chinese shoppers for their support after it sold out of most items including chocolate and fabric softener, saying it showed the country's friendship in "difficult" times.

www.reuters.com

You are misreading information on hand.

Following Chinese banks:

The Asian Infrastructure Investment Bank (AIIB)
The New Development Bank (NDB)

- have suspended all manner of transactions with Russia for now due to international obligations and financial dealings. This is clearly stated in following sources:

China-based AIIB freezes lending to Russia and Belarus over Ukraine war

Development bank’s move threatens to strain relations between Beijing and Moscow

www.ft.com

A Statement by the New Development Bank - New Development Bank

The New Development Bank (NDB) applies sound banking principles in all its operations, as stated in its Articles of Agreement. In light of unfolding uncertainties and restrictions, NDB has put new transactions in Russia on hold. NDB will continue to conduct business in full conformity with the...

www.ndb.int

China-Backed Development Banks Halt Russia Loans Amid Sanctions

The China-backed Asian Infrastructure Investment Bank halted all businesses with Russia and Belarus amid rising geopolitical tensions, a sign of Beijing’s cautious approach to financial support to Russia amid sanctions.

www.bloomberg.com

Other Chinese banks might be attempting to accommodate Russia in some way or form but:

China’s smaller banks could come under greater scrutiny over financing to Russia as the nation’s biggest lenders are already showing signs of complying with US and European sanctions in a bid to protect their large international footprints.

Within the commercial banking system, one model allowing China to support its strategic partner would be through an institution similar to the Bank of Kunlun, a small and unlisted state-owned lender which continued to finance payments to Iran even after Washington shut the bank out of the dollar market.

Small banks that don’t have any international business exposure are likely to keep financing Russia and service payments, said Chen Zhiwu, a professor of finance at the University of Hong Kong Business School. “For them, the risk of potentially being sanctioned by the US and West European countries is not that high,” he said.

China’s overall willingness to support Russia is still unclear, with President Xi Jinping calling for negotiations over Russia’s invasion of Ukraine. The full extent of Washington and European Union sanctions are also still being worked out. The White House has said “selected” Russian banks would be removed from the Swift messaging system, though officials were also looking at exceptions for the energy sector.

But any candidate for financing to Russian entities sanctioned by the West would need to be willing to give up its access to dollar and euro markets, and face restrictions on foreign investment if they are listed on stock exchanges.

While continuing to deal with Russian entities sanctioned by the US and EU would not be illegal under Chinese or international law – China has not imposed sanctions on Russia and neither has the United Nations – banks run the risk of secondary sanctions if they do business with sanctioned entities, which can cut off their ties with US and EU investors.

“The US government could use secondary sanctions to go after people who are seen as circumventing the primary sanctions,” said Ben Kostrzewa, a consultant at Hogan Lovells in Hong Kong, who formerly handled US-China disputes and negotiations at the Office of the US Trade Representative. “These secondary sanctions, where there is no direct US nexus, will be a risk for Chinese companies if they engage in major transactions with restricted parties.”

Two of China’s largest state-owned banks, Industrial & Commercial Bank of China Ltd. and Bank of China Ltd. are restricting financing for purchases of Russian commodities, especially in dollars, according to people familiar with the matter. Both are large banks with close ties to the US and European banking systems, where violation of sanctions could see their operations curtailed.

“Chinese financial institutions, particularly the large ones, they tend to act like EU and US banks do – they follow all the same sanctions programs, they have internal control structures which are very similar,” said Nick Turner, a lawyer at Steptoe & Johnson in Hong Kong who advises companies on sanctions compliance.

China’s small banks come under scrutiny for Russia support

Any financing to Russian entities sanctioned by the West would need to be willing to give up its access to dollar and euro markets, and face restrictions on foreign investment if they are listed on stock exchanges.

www.scmp.com

It makes sense.

As for the assertion about Chinese internet cheering for Russia's invasion in one article - how many? Statistics? Do not jump to conclusions on the basis of vocal elements of any country. WE cannot be sure about how Chinese feel about this matter across the board (1.4 billion+ population base). I would not jump to conclusions over feedback received on PDF for instance. I know for sure how diverse Pakistan is behind-the-scenes.

Chinese buying out Russian chocolates will help rescue Russian economy? Best of luck.

 

[AZMwi]

US companies are the world. The entire world revolves around the US.

yes and that is know as new world order. controlled and operated by zionists.