China panics about Russia. Taiwan safer by the minute?

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The waft of panic coming from Beijing over the developing Ukrainian quagmire is something to behold:

What a difference a few weeks make. In early February, Vladimir Putin and Xi Jinping proclaimed after a “warm and friendly” meeting in Beijing that the friendship between Russia and China had “no limits”.

But on Tuesday, it was clear that Beijing — professing to be “extremely concerned about the harm to civilians” inflicted by Russia’s invasion of Ukraine — was starting to attach limits to its affinity with Russia.

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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.