Why China is likely to be cautious about recent Trump-Putin diesel deal

China is likely to view the latest US dealings with Russia as “transactional”, according to observers, who said Beijing was likely to wait and see what the longer-term impact would be given the possibility that Donald Trump might abruptly change course again. The US president announced that under a deal with Vladimir Putin, Russia would “immediately” supply more than 300,000 tonnes of diesel to the US and global markets. He wrote on social media that another 500,000 tonnes would follow in...