Research on the Impact of Russia-Ukraine Conflict and China’s Response Strategy Based on Political Economy Perspective

Abstract

The current world situation is changing rapidly; the Russia-Ukraine conflict is in full swing and has become a focus of current world problems. This conflict has had a profound impact on many levels, including from the perspective of the political economy. For example, the Russia-Ukraine conflict will bring about conflicts in the world energy supply chain, leading to global energy price fluctuations and subsequent economic chain reactions. Against this backdrop, how China handles itself is becoming increasingly important. This paper summarises and presents knowledge to identify gaps and conduct further research based on previous studies. Mainly from economic and diplomatic perspectives, this paper discusses the root causes of the conflict between Russia and Ukraine and its influence from political and financial perspectives. It suggests China’s coping strategies. It has made modest efforts to maintain world peace and stability and promote economic development. It fills some gaps in the previous research and lays a specific foundation for future research.