Ukraine invasion: China’s global economic ambitions face turbulence over stance on Russian aggression

Feb 28, 2022 | INVESTING

China’s refusal to condemn the Russian invasion of Ukraine leaves it in a “lose-lose situation” that will hamper its ambition to expand its economic influence globally, experts say.As fighting rages on, Beijing’s ability to effectively distance itself from the dispute is becoming harder, potentially damaging the country’s long-term economic interests.“China is in a lose-lose situation with respect to Ukraine,” said Elizabeth Wishnick, a senior research scientist at CNA, a US-based non-profit…

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