"China is not a party to the [Ukraine] crisis, and doesn't want the sanctions to affect China," Foreign Minister Wang Yi said Tuesday during a phone call with his Spanish counterpart.
Beijing also gave its full backing Wednesday to comments made earlier this week by China's ambassador to Ukraine. "China will never attack Ukraine. We will help, especially economically," Fan Xianrong was quoted as saying in a press release from the Lviv regional government. Fears that Chinese companies could face US sanctions over ties with Russia had contributed to an epic sell-off in Chinese stocks recent days. That slump was reversed Wednesday when Beijing promised it would pursue policies to boost its sputtering economy and keep financial markets stable.