The country’s trade with Russia this year has exceeded $200 billion, and makers of cars and trucks are the big winners.
On China’s snowy border with Russia, a dealership that sells trucks has seen its sales double in the past year thanks to Russian customers. China’s exports to its neighbor are so strong that Chinese construction workers built warehouses and 20-story office towers at the border this summer.
The border town Heihe is a microcosm of China’s ever closer economic relationship with Russia. China is profiting from Russia’s invasion of Ukraine, which has led Russia to switch from the West to China for purchases of everything from cars to computer chips.
Russia, in turn, has sold oil and natural gas to China at deep discounts. Russian chocolates, sausages and other consumer goods have become plentiful in Chinese supermarkets. Trade between Russia and China surpassed $200 billion in the first 11 months of this year, a level the countries had not expected to reach until 2024.
Russia’s war in Ukraine has also gotten an image boost from China. State media disseminates a steady diet of Russian propaganda in China and around the world. Russia is so popular in China that social media influencers flock to Harbin, the capital of China’s northernmost province in the east, Heilongjiang, to pose in Russian garb in front of a former Russian cathedral there.
I’ve been hearing this for two years now and it’s sounding increasingly like wishful thinking.
It’s not up to date but…
But what?
It’s not a democratic country. Shit takes time to change. Have you seen the questions that slipped through the latest putin talk? The peasants are angry eggs are expensive nor because their country is murdering and raping kids.
The economy isn’t really something that cares about whether you let people vote or not. If it’s going to collapse, it will, and the fact that it keeps not collapsing despite predictions really seems like wishful thinking.
Nah man hiding issues is much easier when there’s no real accountability.
It’s true that it’s hard to predict the future but real Russian experiences are not really hard to find. Shit is pretty bad already and that’s with hacking and hiding the system. If you think a country can prosper without global trade then I have a bridge to sell you.
Ok sure, but regardless of whether you hide the issue or hold anyone accountable, the underlying economic situation remains the same, and it remains the case that it hasn’t collapsed despite predictions.
It still has trade partners in unaligned countries like India and China.
I mean it’s really bad. Some places have 200% inflation. My point is that you don’t see collapse and btw communication is extremely important in economic reaction. If you stump the communication and transparency channels it just means the swings are less common but bigger. Thats why successful democratic countries value transparency and market reaction - to prevent huge swings and overcorrections that break shit.
I see people with zero economic background commenting and down voting in this thread just because they don’t see “Russia collapses” in big letters on TV 🫣