this post was submitted on 07 Sep 2024
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  • 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.
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[–] sartalon@lemmy.world 82 points 2 months ago (2 children)

Hot take:

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

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

[–] randint@lemmy.frozeninferno.xyz 25 points 2 months ago (2 children)

What's "Taiwan's advice"? What did Taiwan tell China about Russia?

[–] sartalon@lemmy.world 77 points 2 months ago (2 children)

Taiwan made a sarcastic comment.

Essentially calling out their policy of "Territorial Integrity", they told them to take back land they gave to Russia

[–] randint@lemmy.frozeninferno.xyz 10 points 2 months ago

Ohhh that one. I see. Thanks.

[–] MisterFrog@lemmy.world 2 points 2 months 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

[–] Pringles@lemm.ee 50 points 2 months ago (1 children)

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@lemmy.world 6 points 2 months ago

It would also be much easier to conquer than Taiwan.

[–] RestrictedAccount@lemmy.world 19 points 2 months ago

Hotter take:

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