China adopts Russia's plan to counter Western sanctions

China is reportedly analysing Russia's tactics for countering Western sanctions, anticipating similar economic measures in the event of a Taiwan conflict. 

According to reports, Beijing has formed an interagency group tasked with studying Russia’s experience in navigating sanctions.

The focus is on understanding Russia’s strategies for foreign reserve diversification, the use of shadow fleets, and alternate trade routes to evade sanctions.

Chinese officials have also worked closely with their Russian counterparts to gain insights into these approaches.

Xi Jinping, China's president, has made protecting the country’s $3.3 trillion foreign reserves a priority. 

This move comes amid ongoing concerns about the economic impact of sanctions on China, particularly if tensions with Taiwan escalate.

While China benefits from a significant trade relationship with Russia, the two countries’ economic partnership is seen as unequal, with China exerting more influence.

Despite this, Russia’s experiences are being closely observed by China. 

Analysts highlight that although China may face a more significant economic impact due to its larger role in global markets, Russia’s preparations offer critical lessons for Beijing.

Experts point out that key takeaways for China include strengthening domestic production and minimising vulnerabilities in the supply chain. 

Additionally, China is advised to consider the global effects of sanctions, as its broader economic integration could provoke more severe consequences.

The preparation of a strategy based on Russia’s experience reflects China’s caution as it navigates its geopolitical ambitions and seeks to safeguard its economic stability in the face of potential sanctions.