• Russia’s yuan reserves are nearly depleted due to Chinese banks’ fear of US sanctions.
  • Lenders have urged Russia’s central bank to address the yuan deficit, causing the ruble to drop.
  • China’s hesitance stems from US threats of secondary sanctions over Russia’s Ukraine war financing.
  • @sartalon
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    829 days ago

    Hot take:

    China has lost all faith in Russia. Is reorganizing to reflect that.

    And maybe is even considering Taiwan’s advice, lol.

        • @MisterFrog
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          25 days ago

          I am always neutral on this sort of thing (i.e. I believe in democracy, and despite what people will have you believe, Taiwan is not a monolith of opinion of the one China / reunification / independence question)

          But this is fucking hilarious

      • @[email protected]
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        509 days ago

        The president or prime minister said that if China is serious about reclaiming Taiwan, it should also reclaim land that is currently Russian, as that land was also lost during the same time period.

        • @occhionaut
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          68 days ago

          It would also be much easier to conquer than Taiwan.

    • @RestrictedAccount
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      199 days ago

      Hotter take:

      China is on the brink of financial collapse and no longer can afford to support Russia’s bullshit.