London Daily

Focus on the big picture.
Friday, Nov 14, 2025

China has little to gain but much to lose as Russia’s ally

China has little to gain but much to lose as Russia’s ally

The uneasy friendship and ties that bind China and Russia counter long-standing issues of mistrust over the years

In just a few days, Russia’s invasion of Ukraine has upended decades of international relations thinking and practices. Nothing will be the same as before. Even the 5,000-word statement on “international relations in a new era” issued by China and Russia just a month ago in Beijing – to make the world safe for autocracy – has been overtaken by events. In this ugly Russian quagmire, China’s role and behaviour merit close attention, not least as we wonder whether Ukraine today may be Taiwan tomorrow.

China and Russia have been getting closer for some time. The binds are visible in bilateral trade, which has more than doubled since 2015 to almost $150bn. China is Russia’s biggest trade partner. While Russia is almost a rounding error in China’s global exports, the two countries collaborate in military exercises, regional security arrangements and technology trade. These binds go some way to counter other differences and long-standing sources of mistrust, for example over Russian far east and central Asia. Yet, the biggest bind of all is geopolitics.

Headed by control-obsessed dictators pledged to remain in power and protect their elites, they have both been gifted political opportunities created by, for example, the long tail of the 2008 “western” financial crisis, Brexit and European political weakness, Donald Trump, and Covid management issues in many democracies. They are joined at the hip in their pursuit of an anti-US and anti-western agenda in which they want to reshape the world order, including by force.

Putin’s awkward and brutal invasion of Ukraine doesn’t change any of this but it has changed the Sino-Russian relationship consummated at the Olympics on 4 February, and caused China consternation. Considerable speculation focuses on what Xi Jinping knew. It is hard to believe Xi was not forewarned about something, especially as the US tried to brief him with intelligence only to be rebuffed. We also know Russian troops were subsequently moved from the far east to Ukraine, and China is thought to have bought back previously released oil into its Strategic Petroleum Reserve.

Whatever the reality, China is deemed to have been complicit, at least by supporting Russia and backing it since, leaving it uncomfortably on a spiky fence.


Xi won’t back away from Putin because to do so would lead to much embarrassment and humiliation at home – a non-starter, especially in this key year ending with the 20th Party Congress. Yet, standing by Putin, and supporting overtly the weak Russian economy associates China firmly with a pariah state and erodes such trust and credibility in China’s statecraft. China’s list of friends globally isn’t that big or impressive anyway.

With strong leverage over Russia now, China can help its beleaguered neighbour, which, with its main banks excluded from the global financial system, its foreign exchange reserves frozen, and firms and persons subject to sanctions and asset freezes, has become a vassal state of China. It can buy much more energy and resources, and subject to ubiquitous sanctions laws, make loans, provide funds via currency swap agreements, trade in yuan, and supply semiconductors and other technology goods.

Yet, China will have to be careful to calibrate an image which isn’t overly accommodating, and reminds the world both that it can be an agent for important public goods, such as peace-broking in Ukraine, and that it wants the global system to remain relatively open.

Remember that, unlike Russia, China’s ambitions depend on a relatively open world economy in trade and technology, and on global and regional institutions which it would like to re-shape to suit its own interests. This is all at risk now if democracy-supporting nations choose to push a Russia-supporting China further away – or if China doubles down to insulate itself. China was certainly shocked how the EU, in particular, and the US came together purposefully and forcefully to freeze Russia out of the system. China’s continuing dependency on key western technologies and markets remains, despite acts of decoupling and self-reliance. It would certainly not want to risk being in the cross-hairs of a Russia-type financial war over, for example, Taiwan.

Beijing regards Taiwan as an inalienable part of China, and so its recent proclamation of support for the territorial integrity of Ukraine and others should not be taken at face value. China has never ruled out taking Taiwan by force, but Russia’s invasion of Ukraine, if anything, makes comparable Chinese action over Taiwan less, rather than more, likely.

From a rational standpoint at least, China will surely note that in war, best laid plans do go awry, resistance by people desperate for their country is a deserving cliche, and the US Pacific fleet and other Quad forces are close. It will be strongly aware, moreover, that “western” and other global economic and financial pushback is anything but a spent force and potentially highly effective. If Russia, as basically a commodity producer, is so sensitive to financial war, then China, as an economic colossus with strong dependencies, is at even bigger risk. Note also that Japan has revived a debate about taking US nuclear weapons, and ended the policy of ambiguity over Taiwan’s political status.

China’s new Russia relationship remains but it has changed radically. It now has high leverage over Russia but, by close association, little to gain globally and much to lose. Xi has no good options, and difficult choices to make as he tries to walk the line between supporting Russia and rebuilding friendly relations with the west. We need to remain on guard against thinking China’s totalitarian leader will be different from what Russia’s always was.

Newsletter

Related Articles

0:00
0:00
Close
UK Upholds Firm Rules on Stablecoins to Shield Financial System
Brussels Divided as UK-EU Reset Stalls Over Budget Access
Prince Harry’s Remembrance Day Essay Expresses Strong Regret at Leaving Britain
UK Unemployment Hits 5% as Wage Growth Slows, Paving Way for Bank of England Rate Cut
Starmer Warns of Resurgent Racism in UK Politics as He Vows Child-Poverty Reforms
UK Grocery Inflation Slows to 4.7% as Supermarkets Launch Pre-Christmas Promotions
UK Government Backs the BBC amid Editing Scandal and Trump Threat of Legal Action
UK Assessment Mis-Estimated Fallout From Palestine Action Ban, Records Reveal
UK Halts Intelligence Sharing with US Amid Lethal Boat-Strike Concerns
King Charles III Leads Britain in Remembrance Sunday Tribute to War Dead
UK Retail Sales Growth Slows as Households Hold Back Ahead of Black Friday and Budget
Shell Pulls Out of Two UK Floating Wind Projects Amid Renewables Retreat
Viagogo Hit With £15 Million Tax Bill After HMRC Transfer-Pricing Inquiry
Jaguar Land Rover Cyberattack Pinches UK GDP, Bank of England Says
UK and Germany Sound Alarm on Russian-Satellite Threat to Critical Infrastructure
Former Prince Andrew Faces U.S. Congressional Request for Testimony Amid Brexit of Royal Title
BBC Director-General Tim Davie and News CEO Deborah Turness Resign Amid Editing Controversy
Tom Cruise Arrives by Helicopter at UK Scientology Fundraiser Amid Local Protests
Prince Andrew and Sarah Ferguson Face Fresh UK Probes Amid Royal Fallout
Mothers Link Teen Suicides to AI Chatbots in Growing Legal Battle
UK Government to Mirror Denmark’s Tough Immigration Framework in Major Policy Shift
UK Government Turns to Denmark-Style Immigration Reforms to Overhaul Border Rules
UK Chancellor Warned Against Cutting Insulation Funding as Budget Looms
UK Tenant Complaints Hit Record Levels as Rental Sector Faces Mounting Pressure
Apple to Pay Google About One Billion Dollars Annually for Gemini AI to Power Next-Generation Siri
UK Signals Major Shift as Nuclear Arms Race Looms
BBC’s « Celebrity Traitors UK » Finale Breaks Records with 11.1 Million Viewers
UK Spy Case Collapse Highlights Implications for UK-Taiwan Strategic Alignment
On the Road to the Oscars? Meghan Markle to Star in a New Film
A Vote Worth a Trillion Dollars: Elon Musk’s Defining Day
AI Researchers Claim Human-Level General Intelligence Is Already Here
President Donald Trump Challenges Nigeria with Military Options Over Alleged Christian Killings
Nancy Pelosi Finally Announces She Will Not Seek Re-Election, Signalling End of Long Congressional Career
UK Pre-Budget Blues and Rate-Cut Concerns Pile Pressure on Pound
ITV Warns of Nine-Per-Cent Drop in Q4 Advertising Revenue Amid Budget Uncertainty
National Grid Posts Slightly Stronger-Than-Expected Half-Year Profit as Regulatory Investments Drive Growth
UK Business Lobby Urges Reeves to Break Tax Pledges and Build Fiscal Headroom
UK to Launch Consultation on Stablecoin Regulation on November 10
UK Savers Rush to Withdraw Pension Cash Ahead of Budget Amid Tax-Change Fears
Massive Spoilers Emerge from MAFS UK 2025: Couple Swaps, Dating App Leaks and Reunion Bombshells
Kurdish-led Crime Network Operates UK Mini-Marts to Exploit Migrants and Sell Illicit Goods
UK Income Tax Hike Could Trigger £1 Billion Cut to Scotland’s Budget, Warns Finance Secretary
Tommy Robinson Acquitted of Terror-related Charge After Phone PIN Dispute
Boris Johnson Condemns Western Support for Hamas at Jewish Community Conference
HII Welcomes UK’s Westley Group to Strengthen AUKUS Submarine Supply Chain
Tragedy in Serbia: Coach Mladen Žižović Collapses During Match and Dies at 44
Diplo Says He Dated Katy Perry — and Justin Trudeau
Dick Cheney, Former U.S. Vice President, Dies at 84
Trump Calls Title Removal of Andrew ‘Tragic Situation’ Amid Royal Fallout
UK Bonds Rally as Chancellor Reeves Briefs Markets Ahead of November Budget
×