Russia-China Alliance: Record $240.1 Billion Trade in 2023, Deepening Economic and Military Ties

Beijing, Beijing Municipality China
China now accounts for 30% of Russia's exports and nearly 40% of its imports.
In 2023, trade between Russia and China reached a record $240.1 billion.
Leaders took aim at the United States, painting it as a destabilizing aggressor.
Russian President Vladimir Putin met with Chinese President Xi Jinping in Beijing in May 2024 to reaffirm their close alignment and strategic partnership.
The Chinese yuan is the primary currency used for trade between the two countries.
They pledged to deepen military trust and cooperation.
Russia-China Alliance: Record $240.1 Billion Trade in 2023, Deepening Economic and Military Ties

In a world where alliances and geopolitical relationships are constantly shifting, the growing closeness between Russia and China has become increasingly apparent. In 2023, trade between the two nations reached a record $240.1 billion, an increase of more than 60% from pre-war levels. China now accounts for 30% of Russia's exports and nearly 40% of its imports, with the Chinese yuan becoming the primary currency used for trade between the two countries. This economic dependence is reflected in everyday life, with Chinese products dominating markets and Chinese brands becoming increasingly popular in Russia. In May 2024, Russian President Vladimir Putin met with Chinese President Xi Jinping in Beijing, reaffirming their close alignment and strategic partnership. The leaders took aim at the United States, painting it as a destabilizing aggressor, and voiced alignment on issues including Taiwan, North Korea, and the conflict in Gaza. They also pledged to deepen military trust and cooperation, expanding joint exercises, patrols, and improving their response capabilities to challenges and threats. As Russia remains distant from Europe and increasingly entwined with China, it's clear that Russia's economy and society have undergone a significant transformation in recent years. The question remains whether this alliance will continue to grow stronger or face challenges in the future.



Confidence

96%

Doubts
  • Are there any potential challenges to this alliance in the future?
  • Is there any evidence of coercion or pressure from China towards Russia?

Sources

95%

  • Unique Points
    • This is a ‘strategic nightmare’ to see Xi Jinping, Putin hug like this: Michael Pillsbury
  • Accuracy
    No Contradictions at Time Of Publication
  • Deception (100%)
    None Found At Time Of Publication
  • Fallacies (100%)
    None Found At Time Of Publication
  • Bias (100%)
    None Found At Time Of Publication
  • Site Conflicts Of Interest (100%)
    None Found At Time Of Publication
  • Author Conflicts Of Interest (0%)
    None Found At Time Of Publication

76%

  • Unique Points
    • The two leaders vowed to deepen their strategic partnership and took aim at the United States, painting it as a destabilizing aggressor.
    • In their joint statement, they declared that Russian-Chinese relations are experiencing the best period in their history and stand strong amid rapid global changes.
    • The leaders called for an independent Palestinian state and voiced alignment on issues including Taiwan, North Korea, and the conflict in Gaza.
    • They also pledged to deepen military trust and cooperation, expanding joint exercises, patrols, and improving their response capabilities to challenges and threats.
  • Accuracy
    No Contradictions at Time Of Publication
  • Deception (30%)
    The article contains editorializing and selective reporting. The author uses phrases like 'deeply incongruous split-screen', 'destabilizing aggressor', and 'soaring exports from his country aren't propping up the Russian war effort - a claim Beijing denies'. These phrases are not neutral descriptions but rather an attempt to manipulate the reader's emotions. Additionally, the author selectively reports on certain aspects of the meeting between Xi and Putin while ignoring others. For instance, they focus on their criticism of US military alliances and their pledge to deepen military cooperation but do not mention their agreement to promote world peace and common development.
    • Putin's pomp-filled welcome in the Chinese capital seemed to fly in the face of Western concerns about the partnership.
    • The two vowed to deepen their strategic partnership, and took aim at a United States they painted as a destabilizing aggressor.
    • The strident declaration comes as both Russia and China have criticized US support for Israel and its war against militant group Hamas and sought to bolster ties across the Global South.
  • Fallacies (85%)
    None Found At Time Of Publication
  • Bias (80%)
    The author expresses a clear anti-Western bias by repeatedly referring to the US as a 'destabilizing aggressor' and condemning US military alliances. The authors also uses language that depicts the US as a threat to both China and Russia.
    • For Putin, it’s a glory moment that Russia is still on its feet (economically) … mostly because of the lifeline provided by China.
      • The joint statement also called on the US not to arm its allies with missile systems, and condemned US cooperation with allies as 'Extremely destabilizing.'
        • The two vowed to deepen their strategic partnership, and took aim at a United States they painted as a destabilizing aggressor.
        • Site Conflicts Of Interest (100%)
          None Found At Time Of Publication
        • Author Conflicts Of Interest (100%)
          None Found At Time Of Publication

        99%

        • Unique Points
          • In 2023, Russia’s trade with China hit a record $240.1 billion, up by more than 60 percent from pre-war levels.
          • China accounted for 30 percent of Russia’s exports and nearly 40 percent of its imports.
          • The Chinese yuan is now the main currency used for trade between Russia and China.
        • Accuracy
          No Contradictions at Time Of Publication
        • Deception (100%)
          None Found At Time Of Publication
        • Fallacies (100%)
          None Found At Time Of Publication
        • Bias (100%)
          None Found At Time Of Publication
        • Site Conflicts Of Interest (100%)
          None Found At Time Of Publication
        • Author Conflicts Of Interest (100%)
          None Found At Time Of Publication