12/22/14

Permalink Ruble Crash: China Pledges to Support Russia

Though it has been entirely unreported in the West, China has been saying all week that it stands ready to support Russia if its help is needed. With $3 trillion of reserves the sums necessary would from China’s point of view be small change. The only condition is that Russia must first ask China for assistance, as this editorial in the semi-official English language Chinese newspaper Global Times sets out. Global Times belongs to The People’s Daily, the official newspaper of the Communist Party of China, so an editorial published by Global Times has official sanction and represents the opinion of the Chinese government. Putting the question beyond any further doubt were comments pledging support for Russia from the Chinese Foreign and Commerce Ministers as reported by the Russian TASS news agency.

Larchmonter 445/Vineyard of the Saker The China-Russia Double Helix [PDF]
Sputnik News: China Ready to Assist Russia in Solving Economic Problems: Foreign Minister

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