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Can the threat of sanctions firepower prevent a Taiwan crisis?

China has far more foreign-exchange reserves than Russia that West could freeze

Chinese President Xi Jinping and Russian President Vladimir Putin attend a 2019 meeting in Brazil. Xi has not explicitly condemned Putin over the war in Ukraine so far.   © Reuters

TOKYO -- With a border spanning thousands of kilometers, China and Russia have a long history of territorial disputes. But the two giants are now closer than ever as they challenge the U.S.-led democratic order.

Even so, Chinese President Xi Jinping likely sees the risk in aligning with Russian President Vladimir Putin.

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