China's Central Bank Could Backstop a Global Commodity Crisis

China's central bank is uniquely placed to back stop a global commodities crisis sparked by sanctions imposed in response to russia's invasion of ukraine. The conflict if driven surges in global commodity prices, pushing nickel prices to a record high and oil to a fourt yor peke. Russia has warned a ban on russian oil imports could jolt the cost of a barrel to 300 dollars. Western central banks, held back by sanctions imposed by their own government, will not be able to provide support such as emergency liquidity needed to close the market gaps. We're back in two thousand eight, one lapsing in price and the other surging in price with margin calls on both sides,. regardless