Market Intelligence—02.05.23
Macroeconomics
Attempts of the big blocs to reposition themselves geopolitically dominate the political news. President Xi of China’s call to Ukrainian president, Volodymyr Zelenskyy, to discuss the situation in the war was interesting. There can be a lot of possible interpretations for the meaning of this phone call. The best one would be if China wants to mediate in this conflict and invest its great influence on Russia for a peaceful solution. One thing is for sure, the Chinese leadership is always thinking ahead and seems to be aware that after more than a year of war, it is time to demonstrate its interest in resolving this conflict.