The China Mail - Putin expected in Beijing, more dependent than ever on China

USD -
AED 3.6725
AFN 64.999639
ALL 81.549989
AMD 361.729789
ANG 1.789785
AOA 916.999746
ARS 1513.274702
AUD 1.431397
AWG 1.8025
AZN 1.700532
BAM 1.748185
BBD 2.013658
BDT 123.127391
BGN 1.747831
BHD 0.37775
BIF 2996
BMD 1
BND 1.279882
BOB 11.762182
BRL 5.027603
BSD 0.999768
BTN 95.208981
BWP 13.734665
BYN 3.010793
BYR 19600
BZD 2.010753
CAD 1.42142
CDF 2312.501015
CHF 0.83266
CLF 0.024962
CLP 982.439853
CNY 6.69215
CNH 6.69265
COP 3190.42
CRC 455.140667
CUC 1
CUP 23.995316
CVE 98.909874
CZK 21.74245
DJF 177.720554
DKK 6.67243
DOP 61.329958
DZD 134.471034
EGP 52.783968
ERN 15
ETB 161.129846
EUR 0.8925
FJD 2.24725
FKP 0.757299
GBP 0.754245
GEL 2.595046
GGP 0.757299
GHS 11.685003
GIP 0.757299
GMD 74.000069
GNF 8799.999894
GTQ 7.643284
GYD 209.16908
HKD 7.848215
HNL 26.949697
HRK 6.727202
HTG 130.776966
HUF 324.827502
IDR 17892.45
ILS 3.075575
IMP 0.757299
INR 95.28775
IQD 1310.5
IRR 1779859.999836
ISK 121.579761
JEP 0.757299
JMD 158.774
JOD 0.708997
JPY 158.313055
KES 129.729941
KGS 87.450129
KHR 4070.999376
KMF 439.999749
KPW 899.999961
KRW 1339.444966
KWD 0.31183
KYD 0.833143
KZT 448.425042
LAK 22500.000161
LBP 89550.000196
LKR 330.776932
LRD 170.749737
LSL 16.490032
LTL 2.952739
LVL 0.60489
LYD 6.429987
MAD 9.746954
MDL 17.966079
MGA 4499.999921
MKD 54.987989
MMK 2100.154921
MNT 3596.159888
MOP 8.082073
MRU 40.220005
MUR 47.740229
MVR 15.459692
MWK 1742.000015
MXN 18.370385
MYR 4.0853
MZN 63.900541
NAD 16.490151
NGN 1329.40123
NIO 36.849781
NOK 9.514399
NPR 152.334728
NZD 1.78099
OMR 0.384497
PAB 0.999745
PEN 3.4305
PGK 4.45175
PHP 62.745017
PKR 277.035001
PLN 3.90265
PYG 5716.150023
QAR 3.639857
RON 4.763998
RSD 104.796965
RUB 84.3254
RWF 1475
SAR 3.75707
SBD 8.078071
SCR 13.895684
SDG 601.500564
SEK 9.95956
SGD 1.280075
SHP 0.754518
SLE 24.670014
SLL 20969.504398
SOS 571.498187
SRD 37.647502
STD 20697.981008
STN 21.975
SVC 8.748078
SYP 13001.999685
SZL 16.489581
THB 33.554039
TJS 9.228074
TMT 3.5
TND 3.007498
TOP 2.40776
TRY 49.387603
TTD 6.799401
TWD 32.126901
TZS 2630.003016
UAH 45.101809
UGX 4139.404341
UYU 40.18735
UZS 11895.000252
VES 875.701603
VND 25914
VUV 119.051984
WST 2.777036
XAF 585.441829
XAG 0.016907
XAU 0.00024021254
XCD 2.70255
XCG 1.801906
XDR 0.707052
XOF 585.441829
XPF 106.875025
YER 236.198331
ZAR 16.477302
ZMK 9001.206631
ZMW 19.904269
ZWL 321.999592
SSP 5758.266415
MXV 2.074568
  • RYCEF

    0.4000

    19.71

    +2.03%

  • CMSC

    0.0000

    20.4

    0%

  • BTI

    0.4200

    56.05

    +0.75%

  • BP

    0.2800

    44.43

    +0.63%

  • RBGPF

    1.6000

    67

    +2.39%

  • RIO

    -0.1500

    94.41

    -0.16%

  • AZN

    -0.4300

    166.15

    -0.26%

  • GSK

    0.4600

    49.7

    +0.93%

  • BCE

    -0.4100

    20.56

    -1.99%

  • NGG

    -0.2500

    75.24

    -0.33%

  • VOD

    -0.0400

    16.58

    -0.24%

  • RELX

    -0.4500

    33.07

    -1.36%

  • BCC

    -0.5500

    76.59

    -0.72%

  • CMSD

    -0.0300

    20.27

    -0.15%

  • JRI

    -0.2500

    10.77

    -2.32%

Putin expected in Beijing, more dependent than ever on China
Putin expected in Beijing, more dependent than ever on China / Photo: © POOL/AFP

Putin expected in Beijing, more dependent than ever on China

Russian President Vladimir Putin heads to China next week to meet his "dear friend" Xi Jinping, forging even closer ties in a key strategic relationship in which experts say Moscow is increasingly the junior partner.

Text size:

Beijing is hosting representatives of 130 countries on October 17-18 to mark a decade of its Belt and Road Initiative (BRI) -- a key geopolitical project of President Xi to extend China's global reach.

But all eyes will be on Putin, who last month told Beijing's Foreign Minister Wang Yi in Saint Petersburg he had "gladly accepted" Xi's invitation to visit China for the BRI talking shop.

The Russian leader's strategic dependence on China has only grown since his invasion of neighbouring Ukraine thrust his country into international isolation.

Putin has hardly ventured beyond his country's borders since the war, with next week's trip the first to a major global power.

This year, trade between the two powers has soared to levels not seen since the beginning of Moscow's war in Ukraine, with Chinese imports of Russian oil offering Moscow a critical lifeline as international sanctions bite.

Bilateral trade reached a record $190 billion last year, according to Chinese customs data, and the two sides have pledged to reach $200 billion this year.

China has refused to condemn the war in an effort to position itself as a neutral party, while at the same time offering Moscow a vital diplomatic and financial lifeline.

"Beijing has maintained a posture of 'pro-Russia neutrality' throughout the invasion, providing critical diplomatic, economic, and non-lethal military assistance to Moscow," Joseph Webster, senior fellow at the Atlantic Council's Global Energy Center, told AFP.

- 'Unlimited possibilities' -

At the heart of the deepening partnership is the relationship between Xi and Putin, who have described each other as "dear friends".

But their alliance is also forged by a symbiotic necessity, each seeing the other as a necessary bulwark in their shared struggle against Western dominance.

When Xi made a state visit to Moscow in March, Putin hailed the "truly unlimited possibilities" their countries' partnership offered.

In May, the Chinese leader told Russian Prime Minister Mikhail Mishustin that Beijing and Moscow would continue to offer each other "firm support on issues concerning each other's core interests".

After he lands in Beijing next week, Putin will be looking to match those lofty words with hard cash and firmer support for his war in Ukraine, experts said.

"Moscow will try to further deepen cooperation with Beijing and elicit more support from China, including lethal military aid, as it has hopes that Western support for Ukraine may be gradually faltering," Bjorn Alexander Duben, an assistant professor at China's Jilin University, said.

China has so far offered only "non-lethal" support to Moscow, but experts said Beijing could change tack should Russia's situation worsen.

"China doesn't want to see a significantly weakened Russia, and it might step up its efforts if it comes to realise that Moscow might lose," Alicja Bachulska, a policy fellow at the European Council on Foreign Relations, told AFP.

"Putin's regime collapse and related chaos are seen as a serious security threat," she added.

"Beijing might be willing to increase its support for Russia to prevent such a scenario."

- Dependent relationship? -

An open rebellion against Moscow by private mercenary group Wagner in June was swiftly put down, but not before raising fears in Beijing that the stability of its strategic partner could be waning, analysts said.

Russia's perceived fragility is already offering Beijing leverage in the partnership, they added.

"The Chinese are very difficult negotiators," Russian political scientist Konstantin Kalachev told AFP, adding he expected "no further breakthroughs" on contentious issues including a long-awaited gas pipeline.

"China's dominance in the relationship has massively increased," Duben said.

"Its continued economic engagement with China is gradually turning into a relationship of direct dependence -– raising the question whether Russia is steering towards a client relationship with Beijing."

V.Liu--ThChM