Russia’s invasion of Ukraine has transformed global geopolitical dynamics, and now there are signs that China might soon emulate Russian strategies.
connected to its ‘One Belt, One Road’ program and through its broadening and deepening of its energy links to Russia. Direct infrastructure links between China and Russia have been extremely extensive in recent years, with recent notable examples of this being, in the oil sector, Rosneft signing an US$80 billion 10-year deal to supply the China National Petroleum Corporation with 100 million metric tonnes of oil over the period .
Crucially as well, for both China and Russia, China has long seen increased internationalization of its renminbi currency as a fitting reflection of its growing status in the world, and trading between the two countries in their local currencies has increased dramatically in the past few years.
Concomitant with all these developments has been a noticeable surge in the number and seriousness of Chinese security threats against Western powers at domestic levels. This was specifically noted in the last week by both the director of the U.S.’s principal domestic security intelligence service, the FBI - Chris Wray – and his opposite number in the U.K., the director-general of MI5, Ken McCallum. On the first ever occasion that the two most senior figures in the U.S.’s and U.K.
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