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The Great Game Changer: Belt and Road Intiative (BRI; OBOR)

I hope the Indian govt. launches a "Me too" policy for Central Asia soon.
Can you guess the reference ?
 
I absolute approve of these blueprints for the future Central Asian order. Russia should retain its political and military sphere of influence in the region. In return, China's should be permitted a robust economic footprint in the region. Above all, the two should cooperate to shut out the meddling US interloper.

Indeed. A lot of writing in the west attempting to drive a wedge between Russia and China, either via the yellow peril into Siberia threat or theorizing the Chinese dominance in central Asia. The fact is that China has no need to challenge Russia in central Asia. As long as the region is stable and Chinese goods are able to transit through safely & reliably, Chinese interest are being served to its fullest already, and having a non-hostile power paying to provide the security for the region is icing on the cake.
 
Indeed. A lot of writing in the west attempting to drive a wedge between Russia and China, either via the yellow peril into Siberia threat or theorizing the Chinese dominance in central Asia. The fact is that China has no need to challenge Russia in central Asia. As long as the region is stable and Chinese goods are able to transit through safely & reliably, Chinese interest are being served to its fullest already, and having a non-hostile power paying to provide the security for the region is icing on the cake.

The cooperation is mainly about energy and anti-terrorism. Central Asia is a land-blocked area, America is very hard to play games here, only if they want to spend huge military expenditure to deliver army, aircrafts. The American military base in Kyrgyzstan has been proved an failture test.
 
The cooperation is mainly about energy and anti-terrorism. Central Asia is a land-blocked area, America is very hard to play games here, only if they want to spend huge military expenditure to deliver army, aircrafts. The American military base in Kyrgyzstan has been proved an failture test.

If the US want to pay for the security of Afghanistan in blood and dollar for example, its China's gain as well. American's strength is in its naval force, not in its army, and with geography of the region, it will be suicidal for the US to use that as a platform in attacking China. As long as Russia is there to keep the goods and pipeline flowing, I would not be concerned at all.
 
Strong partnership between China and Russia is needed to counter america's negative influence to the world.
 
China Opens Cargo Train Service from Central City to Russia

A freight-train service between central China's Hubei Province, and Moscow opened on Saturday.

The first train left Hubei's capital Wuhan on Saturday. It will take 12 days to make the 9,779-kilometer trip.

The train with 41 cars is carrying machinery and electronic products, which are mainly manufactured in Wuhan.

On its return journey, it will carry timber, according to Wu Guangming, general manager of Wuhan Asia-Europe Logistic Co., Ltd.

Wuhan began regular cargo train services to Europe via northwest China's Xinjiang Uygur Autonomous Region in April, 2014.

Several Chinese cities, including Chongqing, Chengdu, Changsha, Hefei, Yiwu, Suzhou and Harbin, have launched similar freight train services to Europe so far.




@AndrewJin , @cirr , @vostok
 
Great news! I hope Russia can open an consulate in Wuhan soon, there is not a single Russian consulate in Central China. We have all P5 in Wuhan except Russia.
 
Russia and China: Beware the Budding Eurasian Colossus? | The National Interest

Lyle J. Goldstein

As Russia’s unexpected military intervention in Syria has dominated headlines across the globe in recent weeks, more than a few media outlets have speculated on whether Chinese forces could enter the fray. While that particular “twist” on the story remains extremely unlikely, the question is not entirely outlandish. After all, it was only a few months ago that a Chinese naval squadron was in the Black Sea exercising with the Russian fleet. Moreover, the Chinese Navy’s profile has been steadily rising in the Middle East as it sent its first flotilla into the Persian Gulf in the fall of 2014, has also conducted competent evacuation operations in Yemen in 2014 and Libya in 2011, while the PLA Navy maintains its continuous anti-piracy patrols in the Gulf of Aden as well. Major foreign and defense policy dilemmas await Beijing as it continues to plot out the future of its “one road, one belt” – China’s own strategic “pivot” to the west.

Nevertheless, Russian President Vladimir Putin’s continued success at keeping the West off balance with his Syrian gambit also raises the urgency of understanding the trajectory of the China-Russia relationship. For years, Western analysts have suggested that the Moscow-Beijing tie could not amount to much because it is widely regarded as purely a relationship of convenience suffused with mutual suspicion. Over the last decade, moreover, this skepticism has seemed to prove itself repeatedly, for example in the various bilateral energy projects that have moved slowly at best or in the somewhat indolent policy initiatives of the jointly managed Shanghai Cooperation Organization (SCO). But Western strategists are, nevertheless, right to watch this relationship closely since a major strengthening of Russia-China relations could develop into the Eurasian “colossus” (albeit with two capitals rather than one) that geopolitics gurus have long warned about.

Signs of a steadily enhancing Russia-China partnership are quite readily visible. Reciprocal visits by the two Presidents to observe one another’s victory celebrations (and the conspicuous lack of Western leaders at either event) seemed to demonstrate a shared contemporary isolation as well as the common history of suffering catastrophic losses in the enormous conflagration of the Second World War. A recent article in the prestigious Chinese military journal, 中国军事科学 [China Military Science] highlights that shared history in exploring “China-Soviet Union Cooperation during the World Anti-Fascist War.” In a chapter of WWII that is rarely discussed in the West, this article explains that Moscow did impressively provide China with almost 1,000 aircraft (and accompanying volunteer pilots) in the four years after the Nanjing Massacre in December 1937. There are numerous reasons why such extraordinary aid is not widely discussed. For Moscow, this lavish aid may appear as a significant strategic miscalculation in the years before the Nazi onslaught when the Red Army could no doubt have used those same aircraft as a vital reserve force. But in China, Soviet aid during WWII was not discussed thoroughly for many decades, because much of the aid flowed to the Nationalist Chinese rather than the Communists, and more particularly because of the legacy of the Soviet threat dating from the 1960s made such historical revelations a violation of prevailing Maoist, anti-Soviet orthodoxy.

While that history is indeed interesting and relevant, the focus of this edition of Dragon Eye is instead on the contemporary China-Russia relationship. For that “strategic triangle” made famous by Henry Kissinger’s diplomatic pirouettes of the early 1970s, a fascinating view is offered in a mid-2015 edition of 俄罗斯东欧中亚研究 [Research on Russia, Eastern Europe and Central Asia], published by the China Academy of Social Sciences. That journal has an interesting survey of Western writings on the evolving China-Russia relationship. Such literature reviews are quite common in Chinese social science journals, and this one is admirably complete, citing as it does, some notably solid analyses published in this venerable forum on the subject of the China-Russia relationship. But this Chinese literature review suggests that most Western analyses are surficial in nature and also are rather pessimistic, “… 唱衰中俄关系 …” […crooning about the decline of China-Russia relations …].

The survey develops an interesting time-line for the development of the Russia-China relationship in the post-Cold War world, starting with Moscow’s clear statement back during the 1995-96 Taiwan Crisis that its “one China policy” would not change. While the wars in the Balkans did push Russia and China closer together, this Chinese analysis relates that Russia-China relations “confronted the challenge of the 9/11 events,” because Russia appeared, for a time at least, to lean strongly toward the U.S. Interestingly, it is noted that Beijing did not explicitly support Moscow during the 2008 war with Georgia. This analysis also observes a seeming inclination of then-President Dmitry Medvedev to “亲美疏中” [kiss the U.S., while neglecting China]. According to this analysis, however, the tightening of the Moscow-Beijing link was well under way prior to the Ukraine Crisis. In particular, the author cites the West’s 2011 intervention in Libya as a major turning point. Nor did either the Bear or the Dragon appreciate reverberations of the “Arab Spring” into their own respective regions. Indeed, their common perception was that the West was ever more eager to see regime change in both Russia and China. An imperative to halt these trends was suggested in Sino-Russian diplomatic coordination in mid-2012 to prevent UN sanctions against the Assad regime in Damascus. Additional evidence, of course, is that Putin’s first trip abroad after assuming the Russian Presidency again in 2012 was China, while the opposite journey was made as Xi’s inaugural journey abroad as Chinese President back in 2013. Nevertheless, there is little doubt that the Ukraine Crisis has also helped to usher in a “new normal” in Russia-China relations. This Chinese analysis demonstrates a keen awareness that Western analysts are now seriously concerned lest the relationship evolves into a full-up “军事政治联盟” [military-political alliance].

The Chinese survey dutifully records much skepticism in Western appraisals regarding the possibility of genuine Russia-China strategic coordination. For example, one well-known Western academic is quoted as suggesting that Russia-China relations “are full of weakness.” It is recorded that other Western analysts emphasize both the limitations of the partnership, and also its “asymmetric” nature. On the latter point, it is suggested that there is a growing “实力差距” [capabilities gap] between the two powers and there is also a perception in the West that within the bilateral relationship that Beijing is increasingly in the driver’s seat. Indeed, one reason such literature surveys are popular among Chinese specialists is they may allow Chinese specialists to actually articulate concerns that are not quite politically correct in either Beijing (or Moscow for that matter). There is some discussion of the legacy of hostility and mistrust that may still linger from the armed confrontation that occurred on the border back in the middle of the Cold War. Interestingly, the analysis observes that this mistrust may “加上文化上俄罗斯一直对西方的认同感” [reinforce the degree to which Russia always identifies with the West on a cultural level]. To give a relatively concrete example of the related difficulties, this study mentions, for example, how Chinese copying of Russian weapons systems has caused Russia to be increasingly wary of exporting armaments technology to China. Meanwhile, it is pointed out that Chinese brace against such arms technology limitations, since it seems Russia is just seeking to maintain its edge in military technology over China. For this and other reasons, the Chinese analysis concludes that Western specialists are generally dismissive of the so-called “专制主义轴心” [authoritarian axis] and view the relationship as a kind of “bargaining chip” for both Moscow and Beijing in their respective relations with the West. The piece concludes with the rather dark view that many Westerners concerned about Russia still view China (vice Russia) as the “真正的战略对手” [the real strategic opponent]. The Chinese author observes, moreover, that the West is always aiming to “use China to pin down Russia and to employ Russia to pin down China …”

Watching Putin’s Syrian strategy unfold, along with all the related Western perturbations, many Chinese diplomats are sure to advocate for that most classic of Chinese stratagem: “坐山观虎斗” [sit on the mountain and watch the tigers fight]. However, Western analysts may yet be too skeptical regarding the development of Russia-China relations. As suggested above, various periods in history have seen very high levels of China-Russian collaboration, to include – lest we forget – the very founding of the Chinese Communist Party. It is not at all clear, as is often suggested, that antagonism is the “natural state” of affairs in China-Russia relations. The dual combination of the “rebalance,” in tandem with the West’s still evolving strategic response to the Ukraine Crisis, may yet prove sufficient to solidify a geopolitically significant Eurasian counterpoise.
 
Russia and China: The Dawning of a New Monetary System?
Global Research, October 25, 2015

china-russia.jpg


Note:
This article was originally published in January 2015.


The statement by Chinese Foreign Minister Wang Yi on 22 December 2014: “If the Russian side needs it, we will provide necessary assistance within our capacity” – is a clear testimony that Russia and China have entered into an economic alliance which will be stronger than the incessant ruble and petrol devaluation manipulations by Washington, aided by the European puppets.

China, leading member of the BRICS, is lining up the bloc of the BRICS and that of the SCO – and their currencies – to support Russia in need. Currency swaps between Russia (ruble) and China (yuan) for an initial US$ 25 billion equivalent have already been implemented, to allow direct transactions between the two countries. Similar swaps are under way between China and Russia with other countries, primarily the BRICS and the SCO (Shanghai Cooperation Organization) members – including the soon to become new members – Iran, Pakistan, India (also a BRICS member) and Mongolia – and possibly in some not too distant future also strategically located NATO member Turkey.

In other words, a large junk of hydrocarbons will as of immediately no longer be traded in US (petro) dollars, but in rubles and yuans and their partners respective local currencies. This will reduce worldwide demand for the petro dollar.

The US is able to maintain pressure on other currencies, currently the ruble, only as long as the petro dollar remains the major world reserve currency. This is the main reason why Washington gets away with a seven-fold indebted dollar (i.e. total outstanding and uncovered commitments are currently more than 7 times higher than the US GDP (US$ 17.6 trillion, 2014 est. – vs. US$ 128 trillion of unmet obligations); making the US worldwide the most indebted country – by far.

Once the demand for the (petro) dollar fades – as hydrocarbons are no longer dealt in dollars – the value of the dollar will decline and at worst may result in hyperinflation in the dollar economies, including those closely linked to the US economy.

In the meantime, Russia has nothing to fear, since the ruble is really not traded anywhere, except sold by western central banks to go along with Washington’s criminal scheme of attempting to destroy the Russian economy by flooding an imaginary ‘market’ with the Russian currency – which they will not achieve.

The Russian central bank is basically not interfering. Why? – Because Russia eventually will need rubles for its new trading alliance – and will buy the rubles back from the flooded market at rock-bottom prices, for artificially boosted dollars and euros and other western linked currencies. In a future Russia-China based monetary system these currencies would at least initially be of secondary or tertiary importance.

Letting the ruble ‘collapse’ is a superb strategy by the Maestro Chess player, Vladimir Putin. Western investors in Russian shares, mainly but not exclusively of hydrocarbon corporations, dropped also. Western investors became afraid and released their shares on the market – Russia’s treasury bought them back at low market prices, increasing their value instantly and – and on top of it Russia reaped the dividends of the newly Russian owned shares. According to a Spiegel Online article, Russia made at least 20 billion dollars’ worth of profit with this little gambit alone, plus she repatriated about 30% of foreign-held Russian petroleum shares.

Russia has foreign exchange reserves of close to half a trillion dollars equivalent, more than two times the rubles in circulation. Russia’s economy shows a pristine balance sheet with only about 15% debt to GDP, whereas the EU’s debt-GDP ratio is close to 100%.

Here comes the link to the US-Saudi manipulated oil price. It just fell to below US$ 50 / barrel, less than half of what it was in June 2014 (US$ 105 – WTI Crude). This criminal act of attempting to destroy sovereign nations’ economies is foremost directed at Russia, but is also meant to ‘punishes’ other non-aligned oil producers, like Venezuela and Iran. ‘Aligned’ oil producers’ suffering might be written off by the empire as collateral damage.

But not only. That’s perhaps where Obama miscalculated by shooting his own foot. At these prices domestic unemployment will soar especially in petrol producing states, like Texas and North Dakota. Hardest hit will be Texas. Last week, JPMorgan Chief Economist Michael Feroli, predicted, “We think Texas will, at the least, have a rough 2015 ahead, and is at risk of slipping into a regional recession.”

According to Zero Hedge, the US hydrocarbon industry and its nationwide ramification produce almost US$ 1.2 trillion of GDP (7%) and generates more than 9.3 million well-paying permanent jobs throughout the nation. Most affected by the free fall of petrol prices will be the higher cost shale production – the new source that gave the impetus to the oil renaissance 5 years ago. Texas and North Dakota will be the main losers, in terms of job losses and recession. But repercussions will be felt countrywide, as almost all industries are linked to hydrocarbon energy.

Obama may feel that the hike in unemployment may be a small collateral price to pay for ruining other economies around the world. Besides, overall the US economy may profit from lower prices – letting the rich get richer and the poor – well, we know that.

However, there is another element that Obama’s and his cronies’ shortsightedness did not foresee. The petro-dollar is highly dependent on trading hydrocarbons in dollars – following the 40-year old agreement with the Saudis as head of OPEC in turn for US military security and protection. This alone, the constant demand for US dollars by all nations who needed to trade hydrocarbons, propelled the dollar into a ‘permanent’ reserve currency – allowing Washington to print dollars at will and to become a financial hegemon.

No longer. These times are gone. Washington’s evil attempt to destroy all those who ‘are not with us’, catalyzed the transition. More than a year ago, Russia started selling her hydrocarbons in rubles and local currencies of her trading partners, like China and other BRICS countries. Today Russia is selling her hydrocarbon in gold – yes, in physical gold. The west did not count with the quick analytical thinking of Mr. Putin’s. He will accept artificially inflated dollars and then immediately exchange them for gold, thereby increasing Russia’s gold reserves dramatically. Already today, the ruble is backed by gold – a reality the west with its casino currencies is quiet about.

By artificially boosting the value of the dollar against the Euro and lowering the price of gold, the FED and its Wall Street mobsters intend to make the dollar more attractive, say, as the euro which, after all its MSM propagated economic mediocrity, is backed by a much more solid and stable economy than is that of the United States; especially in view of its huge potential to be able to deal with the east – Russia and the Xi Jinping’s announced new economic Silk Road, all the way from Frankfurt to Shanghai. – But this would be Europe’s call; a sovereign call by a sovereign union and by new leaders with backbone and common sense.

This is still an open decision. Although, it looks like – or should logically appear – that Europe is waking up. Even the most stubborn stooges of Washington are gradually seeing the light. Hungary and Poland, historically not great friends of Russia, are wondering whether they might not be better off with the east, rather than licking Obama’s boots. German business is angry about Merkel’s obsessiveness with Washington imposed ‘sanctions’. They see Russia as the trading partner of the future, as it has been until Washington didn’t succeed in Ukraine – today an almost hopeless but still murderous basket case – and wanted to crush Vladimir Putin and his country. Even the spine and brainless Hollande is responding to France’s business – ‘sanctions’ – enough is enough.

Where does that leave Washington? – One move away from checkmate. Washington’s criminal attempt to destroy Russia’s economy has been largely irrelevant and self-destructive. In the meantime and as Russia’s gold reserves increase, Russia has established an alternative SWIFT system. It is currently being tested internally but could go global within a few months – so that any country wanting to avoid the corrupt dollar casino scheme could use the new system for international monetary exchanges.

That combined with ever more countries willing and daring to trade their hydrocarbons in their own currencies or currencies other than the dollar, will further lower demand on the petro-dollar. In addition, under their economic alliance, Russia and China may soon launch a new currency, a basket of currencies that could be joined by other nations ready and willing to abandon the fraudulent western fiat scheme. Immediate candidates would be the other BRICS and the countries of the SCO.

The system could function in the same way as did the Euro at the beginning – as a basket of currencies each valued according to some key indicators of its national economy. – Initially the new monetary system might be gold based – as opposed to the current fiat money with no backing whatsoever. In the long run, however, gold is not a stable or sustainable back-up for any currency. The intrinsic value of gold is only its industrial worth, currently less than 20% of its use. The combined economic output of the nations behind the joint currency – to a lesser degree the numerical growth oriented GDP, but rather social indicators such as public health, standard of education and environmental concerns, capacity of conflict resolution, of living in peace and harmony – might be more indicative of the strength of a sovereign’s currency than just gold or a straight GDP.

Such a new monetary system may soon cover 25% to one third of the world economy, thereby becoming fully autonomous. The petro-dollar would further lose its stature as world reserve. Ten years ago 90% of world reserves consisted of dollar-nominated securities. Today that ratio has shrunk to a mere 60%, as currencies like the Yuan is rapidly gaining ground as reserve money, especially in Asia. Even Australia has recently declared it will increase its Yuan holding.

The drop of the dollar as the world’s major reserve currency is Washington’s biggest nightmare, and has been for the last 15-20 years, when first Iran and then Iraq (Iraq’s oil for food program) and Venezuela threatened to sell their hydrocarbon in Euros. At that time this economically strategic move was not so much meant as an affront to the US, but rather a measure of security for their own economies, as worldwide trust in the US dollar was waning then and now.

This is considered one of the major reasons for the 2003 US invasion of Iraq – securing the petro dollar as trading currency – and the ensuing war, to take over all of Iraq’s hydrocarbon wells – and privatize them. It was also the key reason for Washington’s false flag accusation of Iran’s plans for manufacturing nuclear weapons. In the meantime this has been proven umpteen times as a lie, including by the 16 major US intelligent agencies.

Washington’s relentless aggression on Russia is of course part of the PNAC (Plan for a New American Century), to achieve full world hegemony, but at the same time Washington is desperate not to lose its dollar supremacy. The US is in a terminal quagmire. There is no way out. Washington is acting like a wild beast in its last throbs of live. The empire may be capable of destroying the world – including itself – just so that nobody may survive outside of the self-appointed Masters of the Universe.

The emergence of a new ‘eastern’, dollar detached monetary scheme is therefore becoming increasingly urgent. One might ask, why hasn’t it happened before?

The reasons’ might be manifold. The key players’ – Russia and China – banking and exchange infrastructure might not have been ready. But more likely, to reduce to the extent possible the collateral economic damage a new monetary system may entail to the rest of the world. After all, fair trading among sovereign nations is a noble objective for global peace.

@Economic superpower
 
CHINA ASCENDANT: $46 BILLION SPENT ON ‘NEW SILK ROAD’ IN CENTRAL ASIA

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23 Oct 20152

China is investing heavily in a trade route that would open up transportation across its border with Pakistan.

Up here on what is often referred to as the world’s highest paved border crossing, there still are not many signs that billions of dollars in investment — and goodwill — could soon flow across these peaks in the Karakorum Mountains.

At an elevation of more than 15,000 feet, yaks far outnumber cargo trucks crossing over Pakistan’s border with China. And just one border agent stands guard on the Pakistan side, when he hasn’t ducked into a steel shelter to avoid wind-whipped snow.

A few miles down the mountain into Pakistan, where the air is a bit thicker and the summer sun melts the snow, Mohammad Noor fulfills a generations-old family tradition: escorting more than 1,000 goats and sheep to summer pasture. This year, however, he keeps his footing by walking on a new section of Karakorum Highway, recently built by China. And with each step, Noor says, he feels as though he’s heading into the future.

“The young people now are more educated and don’t want to look after sheep and goats,” said Noor, 44. “The future is Pakistan and China.”

Noor was standing on China’s new gateway to the far-distant Arabian Sea, the spine of an ambitious project by Beijing in a country that has a history of frustrating the well-intentioned plans of others. Americans, disillusioned by decades of unfruitful involvement in Pakistan, are skeptical that China will have any more success here.

But Chinese President Xi Jinping is intent on extending China’s influence in Asia, confident that his country can avoid the old pitfalls and achieve a new economic and political predominance in the region.

Here, trucks carrying Chinese goods could soon begin a 1,700-mile descent through Pakistan, to a saltwater port where the freight will be put on ships bound for markets in Africa, the Middle East and Europe.

The journey will embody China’s efforts to re-create the old Silk Route that for centuries linked Asia to the Middle East, and brought wealth to both. And along the way, China will try to use its “Belt and Road” economic development strategy to lift Pakistan toward prosperity. It plans to spend $46 billion here on an array of projects.
 
Trade, trains and e-commerce link China with Russia
10-27-2015 15:20 BJT


Beijing and Moscow have drawn closer in recent years amidst the Russian economy spiraling down on account of U.S.-led sanctions that has caused a depreciation of its currency, the ruble.

Despite challenges, China continues to improve bilateral relations, via better diplomacy, trade and economic cooperation deals. Earlier this month, Harbin, capital of Helongjiang province, hosted the 2nd annual China-Russia Expo.

Nearly 10,000 business people from around the world were in attendance. Chinese and Russian business representatives gathered to discuss potential collaboration in the fields of electro-mechanical production, railways, forestry reserves, technical standards, mining, finance and tourism, as reported by ECNS (English-language China News Service).

All aboard Wuhan-Moscow cargo train

The expo highlighted stronger trade ties, which would mean the necessity for significant logistics upgrades. Accordingly last Saturday, a cargo freight train service between central China's Hubei province and Russia was launched. The 41-cars train departed from Wuhan to embark on a 9,779 km., 12-days-long journey to Moscow.

The train was loaded with goods mainly from Wuhan's industrial zone with items including machinery and electronics devices, while on its return trip, the train is expected to carry back Russian timber.

Wu Guang-ming, general manger of the Wuhan Asia-Europe Logistics Co., Ltd., pointed out that Chinese railways have boosted long-haul freight service to Europe through northwest China's Xinjiang Uygur Autonomous Region, starting in April 2014.

Mongolia, located between China and Russia, can expect to experience more trade traffic flowing through the country.

China-Mongolia-Russia economic corridor

Mongolia stands to gain substantial benefits from rising trade and economic cooperation between Beijing and Moscow. The three nations are planning to construct an economic corridor to enhance cross-border transportation, communications and financial networks in the region.

Mongolia could witness a surge in tourism as well. The 1st China-Mongolia Expo was held last week in Hohhot, Inner Mongolia Autonomous Region. Government officials have made agreements to initiate a China-Mongolia-Russia economic corridor and to promote cross-border tourism.

10 projects, valued at over 1.4bn yuan ($US220 million) were signed, which is expected to jumpstart cross-border tourism route development, tourism personnel training along with hotels and resorts construction.

"Cross-border tourism is an important platform of the China-Mongolia-Russia economic corridor," Wei Guonan, head of the Inner Mongolia Tourism Administration, told Xinhua news.

E-commerce brings mutual benefits

China and Mongolia have helped Russia overcome its current gloomy economic conditions. Additionally, China's e-commerce giants - particularly Alibaba - are providing online platforms for Russian traders to take advantage of the ruble’s devaluation.

According to China Economic Net, organic Russian food is growing in popularity with Chinese consumers. Wang Jiang-peng, general manager of Eshanghui, a private Russian food e-commerce firm, has already begun to cash in.

"Our WeChat platform was launched in mid-September and we now boast more than 800 traders distributing Russian goods," Wang said. "Our daily sales volume hit more than 100,000 yuan ($US 15,762) within 10 days."

The recent introduction in Shanghai of the China International Payments System (CIPS) would make it easier for cross-border funds to get bankwired into bank accounts in China, which is creating an added bonus for Russian e-commerce retailers and consumers.

Looking Far East and beyond

Meanwhile, Russian President Vladimir Putin has restructured the national economy to overcome recent market disruptions. He's focusing on the Far East to boost trade, while Russia's eastern region remains sparsely populated but rich in natural resources and in closer proximity with a prosperous China.

The Russian port city Vladivostok could be transformed into a vital link for rising China-Russia trade and business deals, which can set the tone for a shared happiness.

@senheiser , @vostok , @AndrewJin , @Shotgunner51 , @cnleio , @cirr
 

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