It is less than a year since Chinese and Russian leaders last met officially, when Vladimir Putin had just resumed his function as president in June 2012.
Now China has a new president, and Xi Jinping’s choice of Russia for his first foreign voyage signals he wants to keep this bilateral partnership a priority.
The two countries’ relations have not all been plain sailing on the international scene, with Moscow and Beijing repeatedly using their vetoes in the United Nations Security Council, against any intervention in Syria.
Blocking American diplomatic moves there was even talk of a Cold War atmosphere returning.
Economic strategy is at the core of China-Russia relations. They used to be rivals but now they try to coexist, though they are still somewhat wary of each other.
The two giants clearly are not moving at the same speed. China’s GDP last year bounded ahead by growing 7.8 percent while Russia’s grew 3.5 percent and is stagnant today. So, they are still competing.
The past few decades have seen stimulating trade. Moscow sold Beijing military and space technology and oil. In the other direction, Chinese consumer goods poured over to the Russians.
In the space of 20 years the total bilateral exchange has been multiplied by 14. It surpassed 68 billion euros-worth last year.
The two countries have a target of beyond 77 billion euros in the next two years.
Russia wants to develop its energy interests and influence in China – the world’s biggest energy consumer – to be less dependent on the European market.
Moscow would like to double its present annual 15 million-tonne delivery of oil to China. The gas goal is to provide China with 70 billion cubic metres annually within 30 years.
China has changed from the world’s factory to the main motor of global growth but its ties with important Asian partners or others have also grown more complicated.
This means Beijing and Moscow’s interests are inter-linked more than ever.
- 1Schengen recoil could turn EU travel back 20 years
- 2Number of women and child refugees in FYR Macedonia ‘triples’ – UNICEF
- 3The world’s biggest bomb, recreated
- 4Migrant crisis: Afghan teenagers rescued from ‘prison cell on wheels’ in Austria
- 5Turkish soldier missing on Syrian border after shootout with ISIL
- 1Migrants with tickets denied access to Budapest train station
- 2Satellite images show ISIL destruction in Palmyra
- 3‘No person is illegal’ – Vienna holds rally for refugees
- 4Ukraine: deputies explain for and against the decentralisation law
- 5Hungary’s hardline stance on refugees ‘benefits’ people smugglers
- 1euronews live TV - News | euronews : the latest international news as video on demand
- 2International breaking news | euronews online world breaking news in video
- 3Caught red-handed: the Russian Major fighting in Ukraine
- 4Video footage shows massive explosion in Tianjin, China
- 5Ukraine puts top Russian general Gerasimov on ‘most wanted’ list
- 6Why World Elephant Day matters
- 7Momentum for Mars: Astronauts say mission is inevitable
- 8Latest News Bulletin
- 9Who came out top in the US Republican television debate?
- 10UK: at least 7 dead after plane crashes into road in Brighton
- 11Snowden, Assange and Manning statues unveiled in Berlin
- 12Virginia:TV journalist and cameraman shot dead live on air
- 13ISIL militant group claims to have killed Croatian hostage in Egypt
- 14Earth Overshoot Day…Pushing Mother Nature too far
- 15Windows 10, three weeks on: the good, the bad and the ugly
- 16International news | euronews, latest international news
- 17Bringing the trolls out of the dark: Russian ‘troll’ awarded 1 rouble damages
- 18As ‘Daily Show’ Jon Stewart’s tenure ends, scholars say goodbye to their research topic
- 19European Union News | euronews: latest breaking news and headlines about European Union
- 20Scientists find sinkhole cave under Mexico’s Kukulkan Castle Pyramid
Wires > News
- 10:09 CET Sixteen Turkish workers kidnapped in Baghdad
- 09:44 CET Malaysia police to question ex-PM Mahathir on anti-government…
- 09:30 CET Fleeing Islamic State killings in Syria, a family reaches Bavaria
- 09:21 CET Congo militia leader goes on trial in test of international court
- 09:02 CET Pakistan says ‘almost all’ Uighur militants eliminated
- 08:28 CET Four months after quakes, Nepal fails to spend any of $4.1 bln…
- 08:21 CET South Africa may increase nuclear power – newspaper
- 07:00 CET Native protesters seize oil wells in Peru to urge government action