Skip to comments.China and Russia Lay Foundation for Massive Economic Cooperation
Posted on 07/11/2015 5:24:54 PM PDT by Navy Patriot
In the past decade, Beijing and Moscow have been more competitors than partners. But that relationship may now be changing as Russian and Chinese leaders are considering combining their two countries regional economic projects the Eurasian Economic Union and the Silk Road Economic Belt, respectively.
While meeting at a two-day summit of the Shanghai Cooperation Organization in Ufa, Russia, Russian President Vladimir Putin and Chinese President Xi Jinping are reportedly discussing a framework that would merge Chinas multi-billion dollar network of roads, railways, and pipelines through Central Asia with the Eurasian Union, the post-Soviet economic bloc that includes Armenia, Belarus, Kazakhstan, Kyrgyzstan, and Russia. The two projects would be combined under the auspices of the Shanghai Cooperation Organization, and if the proposal is completed, it would make the opaque organization the preeminent economic body from Shanghai to St. Petersburg.
For the first time there is a working group on this topic and at the moment the merger of the two projects seems feasible, Alexander Gabuev, senior associate and the chair of the Russia in the Asia-Pacific program at the Carnegie Moscow Center, told Foreign Policy. The proposal would combine the regulation of the Moscow-led bloc with the deep pockets of China, which has already invested more than $50 billion in Central Asia. Piggybacking on the Eurasian Unions joint customs space could drastically reduce costs for shipping products from China to Europe, with goods only having to cross one unified tariff zone before entering the European Union.
(Excerpt) Read more at foreignpolicy.com ...
Two basket case economies joining their weaknesses. Oh goody.
Two nations populated by savages...and that,for centuries,have been *ruled* by savages.
Still no Uzbekistan? I wonder what Karimov is hoping for. It's not like he's going to patch things up with the west any time soon.
It may be as simple as economic diversity and trade routes.
Heck, Trump mentioned it in his Speech today and I had never even heard about it.
I guess his Staff is keeping him up on the latest Current Events with no Teleprompter needed or required.
Notice how nobody Running on either side is even on the Radar this week? Even Hillary is invisible, and that’s like trying to hide the Hindenburg.
Did they sign a non-aggression pact?
This is interesting
Real head scratcher. Russia extracts raw materials, and China turns them into finished goods. They need a pact to reiterate this fact? Sounds more like a photo op than any kind of breakthrough.
Lotta potential raw materials and workforce there. Meanwhile the World Bank and the IMF continue their loan sharking via debt finance with “conditionalities”. Google it.
Might have to do with reaffirmation.
China was upset with the "Arab Spring" situation that developed and sunk the oil futures China had just negotiated with Libya. Russia was distracted by the same "Arab Spring", and has just completed a pipeline and oil deal with China that will take two years to get fully operational. This may be the reaffirmation of that trade agreement before "Arab Spring" and the new deals.
Disaffection with the IMF, banksters, and reserve currencies are what drive all this Russian and Chinese economic confrontation with the West.
The Russian economy is the size of California’s.
It gets worse for the Russians when in five years they figure out that the whole world including china is shifting over to alternatively fueled vehicles.
Yep, alternatively fueled vehicles will crush Russia, usher in utopia and save the Earth from climate change and overpopulation, all in one fell swoop, and that's not considering the renewable energy grid and solar powered aircraft. The efficiency of it all together staggers me.
There is either Europe from Lisbon to Vladivostok or Asia from Shanghai to St.Petersburg if the West do not accept the first approach. Third variant is another Iron Curtain but it is not a viable option in 21 century.
Revelation 9:16 The number of the armies of the horsemen was two hundred million; I heard the number of them.
China's military power is roughly 200,886,946. Russia and China in alliance was rather expected. The prophecy of Ezekiel 38 (Gog coming against Israel) and then the prophecy of Revelation 9:16 almost require that alliance.
Yep, alternatively fueled vehicles will crush Russia, usher in utopia and save the Earth from climate change and overpopulation, all in one fell swoop, and that’s not considering the renewable energy grid and solar powered aircraft. The efficiency of it all together staggers me.
I think the climate biz is bogus except that it forces the other stuff.
As to efficiency—the real deal won’t come until 4th generation nuclear comes online which promises to cut energy costs by 1/2 to 1/10 current costs. That’s the real revolution. Renewables even when they mature—right now don’t promise to bend down cost curves significantly.
Big Climate is indeed bogus, as is Big Renewable, and Big Alternative.
All that crap is crony capitalist, Fascist, taxpayer funded subsidy and tax rebate on zero tax paid scams. Almost none of it (except nuclear) will ever be economically competitive, and will be sold at the point of a gun.
Remember, China is the one that has already cornered Rare Earth reserves and significant mineral reserves worldwide, and Russia controls theirs and much of Eastern Europe's reserves.
Russia has serious problems (some of their own making) and serious opposition, but alternative fuel crapola will hurt the West more than Russia.
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