Guess who the other big loser is from Russia's Ukraine invasion...

March 2, 2023 By Daniel Jia

One year after Vladimir Putin started his Ukraine invasion, Russia is falling deeper and deeper into the hole that its president has been digging hard. But the number one loser is not Russia. It's China.  China’s decision to support Russia instead of the West in this war is as great a failure as Russia’s invasion itself. To start with the logic of it, China has been betting on great gains from the war. China’s ambition here is way greater and more complex than Putin’s simple and straightforward territorial demand. The most sought-after reward for China as it sides with Russia is the notion that a Russia’s victory would pave the road for China to annex Taiwan, a self-ruled island that China has viewed as a breakaway territory..............

More countries have stood with Taiwan since that Ukraine invasion, and now the U.S. is shifting its strategic ambiguity to strategic clarity in terms of defending Taiwan against China’s military attack, a stance affirmed by President Biden on at least three occasions. China’s next Taiwan advance, premised on Russia’s success in Ukraine, has fallen flat. China also failed in its attempt to advance in currency dominance in global financial system....................To Read More....