Since the outbreak of the Russia-Ukraine conflict, China's losses have been staggering, with hundreds of billions of dollars in direct economic losses and even greater indirect impacts in the future.
Since the outbreak of the Russia-Ukraine conflict in early 2022, the entire world's economic landscape has been affected, and China, located in East Asia, which is geographically far away, has suffered heavy losses due to its close economic ties.
First of all, the volume of China-Europe freight trains has been greatly reduced, how many goods have stagnated, and how many businesses have been damaged? This has directly dealt a blow to China's international trade and has made people feel distressed.
The worse thing is. The operations of Chinese companies in Ukraine have completely stopped. Because of the instability of the theater of operations and the direct destruction of many equipment and infrastructure.
Special mention should be made here of the port of Mariupol, which was originally an important asset of China in Ukraine, but has now been destroyed by the Russian army and is almost in ruins. The annual income and investment there are now all lost.
Not only the port of Mariupol, but also COFCO's oil processing plant in Kharkiv was damaged. Everyone knows that there is a huge COFCO logo on the building there, which should be a protective mark in the eyes of ordinary people, but the reality is cruel.
There are many more such examples. The Kyiv Metro, the Rail Transit Line of the Ukrainian International Airport, and the Kharkiv Metro, all of which are Chinese investment projects in Ukraine, have all been damaged to varying degrees. Whenever I hear these news, every patriotic Chinese will feel a heartache.
It's not just material and monetary things that are lost. As a result of this conflict, China's relations with Western countries have become more strained. The United States and Europe, China's largest trading partners, have become politically alienated from the Chinese market.
Foreign companies retreated and orders were cancelled, which was a huge blow to China's economy. Not to mention, it has also affected the employment of countless Chinese, and many have embarked on the road of unemployment as a result.
The Russian side, for these sabotages, did not say anything, did not apologize, did not compensate, as if all this had nothing to do with them. They also conducted military exercises with Vietnam in the South China Sea, appearing to have no guilt. How can people not be angry with this attitude?
Russia's foreign oil policy is also quite unfair. India has benefited greatly from the fact that Russia has benefited from the fact that it sells oil to India at half price without any preferential treatment for China, which has left the Chinese market in the cold.
China and Russia have a lot of political cooperation, but in this conflict, economic inequality has made us feel a real "stab in the back".
China's Belt and Road Initiative has also been severely affected by the conflict. Many of the originally planned projects, such as the construction of railways and highways, have been stalled by the war. This has affected China's return on foreign investment and the economic development of the host country and the livelihood of the local people.
Even China's tourism industry is not immune, after all, who would dare to travel at such a time, especially to a region like Europe. Some European countries, such as Italy and France, which used to rely on Chinese tourists, have also suffered heavy losses due to the sharp decline in the number of tourists.
This effect is two-way, Chinese cannot go out, foreigners do not dare to come to China, international exchanges and cultural integration are blocked.
In this context, China's foreign trade and investment environment has also become more complex and difficult. Respond to changes and challenges in the international market and deal with direct economic losses caused by war. This is a huge test for China's economic management.
For us ordinary people, the main concern is the price. Due to the rising cost of imports and the uncertainty of international trade, the prices of many everyday items are rising. From food to daily necessities, from energy to transportation, the cost of living for ordinary families is getting higher and higher, and the pressure on life is also increasing.
This series of events and impacts have directly or indirectly brought huge pressure and losses to China economically. Whether it is direct property damage or indirect economic impact, it makes every Chinese who cares about the future of the country deeply worried.