Re:Russian firms rush to open Chinese bank accounts
by drumhead on Thursday March 03, 2022 @10:02AM
(#30541898)
What does a pivot to Asia mean? Culturally they have nothing in common with the nations there, economically it makes more sense for them to diversify towards somewhere more stable and friendly like Europe.
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Re:Russian firms rush to open Chinese bank accounts
by sudosysgen on Thursday March 03, 2022 @10:10AM
(#30542012)
A pivot to Asia is a attempting to weaken the Chinese economy through military encirclement and the threatening of maritime trade routes to allow the US to have greater leverage on China which is now estimated to be the greatest threat to US hegemony. It would also facilitate a possible future defence of Taiwan.