Sunday , May 5 2024
Home / Mike Norman Economics / U.S. needs Ukraine crisis to harm European economy, and legitimize its military presence — Yang Sheng and Xu Keyue

U.S. needs Ukraine crisis to harm European economy, and legitimize its military presence — Yang Sheng and Xu Keyue

Summary:
US and Australia ask China to intervene with Russia. Here is the English-language summary of the Chinese response.On Sunday, Australia followed the US to urge China to help them push Russia, with Australian Prime Minister Scott Morrison calling on China to not remain "chillingly silent" on the crisis. On Thursday, US Ambassador to the UN Linda Thomas-Greenfield said "We would hope that the Chinese would play a role in encouraging the Russians to do the right thing."Chinese analysts said the attempt is clear, as Washington wants to create a trap for China - if China does what they say based on their information about Russia's invasion, then China-Russia ties would be harmed, but if China does not act they can accuse China of remaining "chillingly silent." Chinese Ambassador to the UN Zhang

Topics:
Mike Norman considers the following as important:

This could be interesting, too:

Lars Pålsson Syll writes Monte Carlo simulation explained (student stuff)

Mike Norman writes Corporate buybacks

Mike Norman writes Month end settlements

Angry Bear writes Biden finalizes rule opening up Obamacare to DACA recipients

US and Australia ask China to intervene with Russia. Here is the English-language summary of the Chinese response.

On Sunday, Australia followed the US to urge China to help them push Russia, with Australian Prime Minister Scott Morrison calling on China to not remain "chillingly silent" on the crisis. On Thursday, US Ambassador to the UN Linda Thomas-Greenfield said "We would hope that the Chinese would play a role in encouraging the Russians to do the right thing."

Chinese analysts said the attempt is clear, as Washington wants to create a trap for China - if China does what they say based on their information about Russia's invasion, then China-Russia ties would be harmed, but if China does not act they can accuse China of remaining "chillingly silent."

Chinese Ambassador to the UN Zhang Jun responded on his Twitter account on Thursday immediately that "Our message is consistent and clear: Resolve any differences through diplomacy. Stop hyping up the tension. Russia's legitimate security concerns should be seriously addressed."

Yang Jin, an associate research fellow at the Institute of Russian, Eastern European and Central Asian Studies at the Chinese Academy of Social Sciences, told the Global Times on Sunday that "Australia's accusation is totally nonsense. Zhang's remarks prove that China didn't remain silent."

China is not a main actor on the crisis, and if there is anything China could do to mediate, the relevant parties need to bring the negotiation to the UN Security Council, however it seems like the US and NATO do not want to solve the problem through the UN platform but prefer talking to Russia directly, Yang said. "So how could they expect China to get involved in such an issue deeply?" Yang noted....

This is an excerpt from a broader analysis in the article

Global Times (Chinese state-sponsored media)
U.S. needs Ukraine crisis to harm European economy, and legitimize its military presence
Yang Sheng and Xu Keyue
Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

Leave a Reply

Your email address will not be published. Required fields are marked *