World Today
What's driving the deepening China-Russia relationship?
May 8, 2025
In this discussion, Chen Jiahe, Chief Investment Officer at Norvamaki Technologies, and Zhou Mi, Senior Research Fellow at the Chinese Academy of International Trade, delve into the evolving China-Russia partnership. They explore Xi Jinping's call for cooperation to support developing countries and dive into Colombia's plans to join the Belt and Road Initiative. The conversation also highlights China’s new law promoting its private sector, and how the manufacturing hub of Yiwu continues to defy challenges posed by U.S. tariffs, showcasing resilience in global trade.
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Quick takeaways
- China and Russia are collaborating to support developing countries while countering unilateralism from dominant global powers.
- China's new law to promote private enterprises aims to boost competition and innovation by leveling the playing field with state-owned firms.
Deep dives
China-Russia Cooperation and Historical Bonds
Chinese President Xi Jinping's recent visit to Russia is significant for reaffirming the enduring partnership between China and Russia, grounded in shared historical experiences from World War II. During discussions, both leaders emphasized mutual cooperation to promote the interests of developing nations and counter unilateralism from more dominant global powers. The visit is described not only as a strategic maneuver but also as a symbolic gesture to preserve the historical narratives of contribution during the war, which the leaders believe should remain acknowledged and respected. Together, they aim to foster a multi-polar world where their nations can ensure equitable international dynamics.
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