Can China be an effective mediator to end the Russia-Ukraine war?

China will have to make better preparations on various fronts, including economically and politically, he added. 

“I think they have to bear in mind the sanctions, economic consequences if there’s a military solution to the Taiwan issue.”

SHAKING UP GLOBAL RULES-BASED ORDER

China and Russia have shown support for each other on various political issues, including expanding the role of some institutions that both countries have a large say in, such as the Shanghai Cooperation Organization and the BRICS group of emerging economies, said Dr Li. 

On Sunday, US National Security Council spokesman John Kirby said Russia and China are attempting to shake up the international rules-based order that the US and many of its allies have built up since the end of World War II. 

He added that both sides would like to rewrite the rules of the game globally.

Beijing and Moscow have both been pushing forward this agenda in different contexts, although it remains to be seen how they would achieve this, said observers. 

“I think the real key thing is they’re saying there is another option out there – the world that we all live in which is determined by this set of rules and institutions that were built after World War II by the western world in particular, doesn’t necessarily have to be the rules that we all live under,” said Mr Pantucci.

“There are other options out there. In terms of what that actually looks like, I think the way that they would sell it would be a far less judgmental world.” 

He added that it will be “a very different kind of world”, with the rules likely to be “much more determined by power and might”.

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