02 September 2015

Editorial: A Cold Summer for China and Russia?

By Gregory Shtraks

Political relations between the two giants remain warm, but economic ties appear to be cooling.

World War II officially ended on September 2, 1945 when the representatives of the Empire of Japan signed a formal surrender on board the USS Missouri. By that time four tumultuous months had already passed since the declaration of victory over the Nazis in Europe. Thus, Russia and China, the two victors who suffered the most casualties during the war, commemorate the anniversary of the triumph in late spring and early autumn, respectively. Xi Jinping’s attendance of Moscow’s victory parade last May was largely seen as the next step in the formation of a new world order, as Xi, flush with pride after the successful launch of the Asian Infrastructure Investment Bank, stood shoulder to shoulder with Putin – the two leaders using the occasion to announce the merger of China’s “New Silk Road Initiative” with Russia’s “Eurasian Economic Union.”

Four months have passed and the summer of 2015, while not as turbulent as that of 1945, has significantly altered the global geoeconomic balance. Vladimir Putin’s reciprocal visit to Tiananmen Square to attend Beijing’s celebration on September 3 provides a convenient checkpoint to assess the progress made in the Sino-Russian relationship since May.

Read the full story at The Diplomat