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If China directly supports Russia NATO will throw sanctions on them and that will hurt China. China is supporting Russia, but they are walking a find line as China cannot afford to make NATO mad. (NATO also will hurt, which is why NATO is looking the other way, but how long will NATO put up with China is an open question)
We are also hoping it doesn’t turn into WWIII. It could for sure, but there is the possibility that things can calm down in a few years.