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.
- 1Leopard enters Indian school, mauls six people
- 2Japanese volcano erupts on nuclear power station island
- 3Aleppo: Germany and Turkey come up with a 10-point action plan
- 4Pegida fails to ignite as Europe-wide anti-Muslim protests fizzle
- 5One of world’s biggest container ships stranded on German river
- 1euronews live TV - News | euronews : the latest international news as video on demand
- 2International news | euronews, latest international news
- 3Most Istanbul blast victims ‘were German’, says Turkey
- 4Madrid to appeal Catalan road to independence from Spain
- 5Thousands in Bucharest blame corruption for Friday’s nightclub blaze
- 6Partnering to grow Europe
- 7Moldova: protesters storm Parliament
- 8Hope vs harsh reality: challenges to global education goals in the 21st century
- 9Extras : euronews : the latest international news as video on demand
- 10Norway sends Syrian refugees back to Russia
- 11Merroussis clinches the 33rd Athens Authentic Marathon
- 12‘National’ funeral for Celine Dion’s husband ‘over the top’
- 13Jorge Lorenzo clinches his third MotoGP title in Valencia
- 14Special Reports : euronews : the latest international news as video on demand
- 15Benzema questioned in French sex tape case
- 16latest Learning World - All Programmes | euronews : the latest international news as video on demand
- 17Paris: “I would rather see my brother in prison than in a cemetery”
- 18Brussels remains on high alert: ‘multiple operations underway’ across Belgium
- 19International breaking news | euronews online world breaking news in video
- 20account : euronews : the latest international news as video on demand
Latest world news
North Korea plutonium production resumed – US intelligence chief
Trump and Sanders win New Hampshire Primary
US election: Expect the unexpected in the New Hampshire Primary
Syria: UN warns of siege and starvation in Aleppo
Syria: Tens of thousands fleeing Aleppo remain stranded at Turkey border
Wires > News
- 03:25 CET Trump, Sanders win U.S. presidential contests in New Hampshire
- 02:30 CET Magnitude 6.3 quake hits central Chile, no major damage seen
- 02:12 CET Report card on aboriginal Australians paints bleak picture
- 01:35 CET U.N. fears for hundreds of thousands if Syria troops encircle…
- 01:19 CET Forensic team finds remains in Mexico dump, but no sign of 43…
- 00:37 CET White House – disputes over South China Sea must not involve…
- 00:19 CET French plan advances to strip passports from those convicted of…
- 23:39 CET Iraq’s troubled finances slow efforts to rebuild Ramadi