Will China pick a side?
b'Tuesday 15th March 2022China and the US have been meeting, with the hope that talks can resolve the war in Ukraine. But China is showing little sign of offering total support for the west. NAB\\u2019s Tapas Strickland wonders whether they\\u2019ll need to, with talks between Russia and Ukraine at least offering the opportunity \\u201cfor an off-ramp\\u201d from the conflict. Oil prices have fallen today, mainly because of further lockdowns in China as the country continues to pursue a zero-COVID strategy. That\\u2019ll add to supply chain problems, which will further add to inflation pressures. No surprise then that bond yields have risen sharply ahead of the FOMC later this week.
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