Transcripts for BBCNEWS World Business Report 20220228 05:53:00

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step in to offer support? the world's second biggest economy has been russia's biggest trade partnerfor years with bilateral commerce hitting a new high of $147 billion in 2021. china also has a payments system called cips, which russian banks might route payments through now they have been locked out of the more widely used global swift system. orat or at least to some banks have been. joining me now from beijing is tom rafferty, regional director for asia at the economist intelligence unit. there are lots of questions about what china will do next. what are you hearing? that about what china will do next. what are you hearing?- what are you hearing? at the moment china _ what are you hearing? at the moment china is _ what are you hearing? at the moment china is still - what are you hearing? at the moment china is still doing . moment china is still doing very cautious approach on the diplomatic crisis and we are still waiting to see how it approach the issues of what level of economic support it provides russia in the years ahead. initially chinese companies and banks seem to want to demonstrate compliance on sanctions coming through in recent days. further down the line there probably will need to be a strategic decision taken at the top level of the

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