Why does China suddenly seem to want to broker peace in Ukraine?

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Why does China suddenly seem to want to broker peace in Ukraine?
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What does China have to gain from helping to settle the conflict between Russia and Ukraine?

Source:The Chinese government has released a 12-point plan to end Russia's full scale invasion of Ukraine.The leaders of both Ukraine and Russia are expected to meet with China's president in the near future.

"Since Russia is not doing well on the battlefield, increasing sanctions [on Moscow] and increasing support from the West [for Ukraine] actually could potentially set its strategic goals back."Mr Tok said China's involvement in the peace process could help to "ease" Russia out of the conflict while "saving face".

Beijing's concerns about the economic impact of the conflict is highlighted by calls for the facilitation of grain exports and the protection of supply chains being included in its peace plan, Associate Professor Hillman said. A damaged building in Kramatorsk, Ukraine on Tuesday. It's been more than a year since Russia launched its full-scale invasion of Ukraine.Mr Tok said if China were able to hold a special role as intermediary between Russia and Ukraine, it could help to bolster the nation's strategic position, as well as showing Beijing as "a responsible stakeholder" and "peacemaker".

"For one, it calls for an end to sanctions, which will be unacceptable to Ukraine, the US, and Europe while Russian forces are on Ukrainian soil."Mr Tok said Beijing also needs to clarify exactly what some points in its peace plan mean, especially around "protecting sovereignty". But despite believing it's "too optimistic to predict success at this stage", Mr Tok said he is hopeful that China will at least be able to bring Ukraine and Russia to the negotiation table.

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