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BEIJING – How much does China lose, and how much it gains, from the friendship between Xi Jinping e Vladimir Putin in this Ukrainian crisis? What are the dangers, and the benefits, of the “unlimited cooperation” that the two presidents announced on February 4, at the opening of the Beijing Winter Olympics? What effects can the strategic partnership with Moscow have for the Dragon from an economic and political point of view, given the evolution of the war and the massive sanctions against Russia? We try to give some answers.