Solidarity with Russia puts Chinese firms in crosshairs of US secondary sanctions
Sign up now: Get ST's newsletters delivered to your inbox
A store advertising cargo shipping to Russia and other countries in Beijing.
PHOTO: AFP
SINGAPORE - An intensifying pressure campaign in the United States to discourage China from backing Russia in its war in Ukraine is yet another reminder of escalating tensions between the world's two largest economies.
The US threat of "consequences" shows investors in Chinese assets and companies that have business dealings in China that there is a shrinking list of issues on which the two economic powerhouses agree.