“China and Russia’s Growing Economic Partnership: Analysis and Implications”

2023-05-27 19:35:00

[앵커]

Since the G7 summit, China and Russia have been showing off a tighter relationship as if the West had seen it.

Trade between the two countries is growing explosively, and economic cooperation is further expanding.

There are many analyzes that it will be more favorable to China in the long run.

Reporter Kim Seon-hee reports.

[기자]

Russian Prime Minister Mishustin in Beijing to meet with Chinese President Xi Jinping.

Xi expressed hope that both countries will firmly support each other for the core interests of both countries.

Prime Minister Mishustin also replied that the relationship between the two countries is unprecedentedly strong, and that Russia and China will stand together once morest Western pressure.

[미하일 미슈스틴 / 러시아 총리 : 오늘날 러시아와 중국의 관계는 전례 없이 높은 수준에 있습니다. 서방의 집단적인 불법 제재 압력에 맞서 함께 대응해 나갈 것입니다.]

China and Russia seem to be getting closer as if conscious of the West following the G7 summit.

The amount of trade between the two countries has already exploded, reaching nearly 200 billion dollars a year, and 70% of the payments are made in Yuan or Ruble.

Noteworthy is China’s move.

China is expanding its influence in Central Asia, the courtyard of Russia, with the Belt and Road Initiative at the forefront.

At the summit with five Central Asian countries held in Xian, Shaanxi Province, a generous gift worth regarding 5 trillion won was presented, emphasizing stronger solidarity.

[시진핑 / 중국 국가주석 : 중국은 중앙아시아 국가에 260억 위안의 융자와 무상원조를 제공할 것입니다.]

Russia also gave China the right to use the port of Vladivostok in the Far East for the first time in 165 years.

It is said that it is for the economic development of both countries, but there are observations that there may be cracks in cooperation because it is an area that has been involved in territorial disputes for a long time.

Russia’s dependence on China is expanding not only in the economy, but also in all directions, including politics and the military.

American media outlets such as the New York Times analyzed that although the two countries are in close contact once morest Western sanctions, Russia’s dependence on China increases over time, which is advantageous to China.

This is YTN Kim Seon-hee.

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