China Defends Russia on Malaysian Plane Attack

While the West ramps up pressure on Russia and its President Vladimir Putin over the downing of a Malaysia Airlines jetliner over eastern Ukraine, Moscow is finding some support from the East.

Since the weekend Chinese media have been highly critical of the approach of Western nations such as the U.S., saying in editorials that these countries have been too quick to point fingers at Moscow-backed rebels and implicate Russia for escalating violence.

State news agency Xinhua has called U.S. and Australian officials “rash” to blame Russia before the conclusion of a thorough investigation of the downing of MH17. It said the top priority is for countries to cooperate to “find out the real culprits, if any”. The Communist Party-backed newspaper, The Global Times, said Monday, “The premature trial by Western media is not based on known facts and logic”.

via CNBC

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza