Quartz
What China thinks of the global economic war against Russia
China has long expressed its displeasure with what it calls the US’s “financial hegemony” and its corresponding ability to slap sanctions on foreign countries. Now, as the US and Europe hit Russia with unprecedented sanctions over its invasion of Ukraine, Chinese officials, academics, and experts are grappling with the implications of the unfolding full-scale global economic and financial war. Officially, Beijing has opposed the use of sanctions against Russia, deeming them illegal, and counterproductive.