Beijing, China:
It suggested that China should prioritize stability, strengthen security and guarantee resources and energy, enhance agricultural supply capacity and maintain smooth and stable supply chains.
As the war between Russia and Ukraine continues, China is quietly distancing itself from Moscow as its economy is being slammed with sanctions from the US and its allies. Fears that Chinese companies could face US sanctions over ties with Russia had contributed to an epic sell-off in Chinese stocks in recent days. That slump was reversed when Beijing promised it would pursue policies to boost its sputtering economy and keep financial markets stable.
Chinese banks cannot afford to lose access to US dollars, and many Chinese industries cannot afford to be deprived of US technology.