The local currency settlement rate of China and Russia** has reached 95%, beware of Russia's careful thinking.
In the context of interpreting the settlement rate of the local currency of China and Russia as high as 95%, we can't help but think of an old saying: "The mountain is high and the emperor is far away." This sentence is particularly appropriate in today's international political and economic landscape. What we see is not only the economic and trade exchanges between the two countries, but also how the two major countries seek their own way out and development in the context of international pressure and challenges in the era of globalization.
Looking back at history, the relations between China and Russia have undergone a transformation from tension and confrontation to cooperation and friendship. In recent years, especially against the backdrop of economic sanctions and political isolation imposed on Russia by the United States and Western countries, Russia has been forced to turn to the East in search of new partners. China, as the world's second-largest economy, has clearly become Russia's first choice. China's demand for energy and resources from Russia has made this cooperation even closer.
On the other hand, the Sino-US war, the global pandemic, and changes in the Middle East have provided more opportunities and reasons for China and Russia to cooperate. In this volatile international environment, the cooperation between China and Russia is not only complementary at the economic level, but also deeply bound at the political and strategic levels.
In 2020, only about 20% of Russia and China were settled in local currencies. However, in just a few years, this number has soared to 95%, and this leap forward is behind the deepening of economic cooperation between the two countries and the joint response to the United States and the Western world. Russian Prime Minister Mishustin's visit to China is not only an affirmation of the relations between the two countries, but also a clear signal: China and Russia have become indispensable partners of each other in the current international political and economic landscape.
From the very beginning, the cooperation between China and Russia was not a simple relationship between buying and selling. China needs not only Russian energy, but also Chinese markets and technologies. This cooperation is deep and all-encompassing. From energy to industrial products, from infrastructure to high-tech, China and Russia have in-depth cooperation in various fields.
And Russia, although it is suppressed internationally, is by no means willing to become a mere energy exporter. What they seek is a deeper level of cooperation and development. At this time, the rise of China provides new opportunities for Russia. The Sino-US war and the global epidemic have made China's position in the international arena more prominent, and Russia has gradually realized that in-depth cooperation with China can not only relieve the pressure of the West, but also find its place in the new international order.
Against this background, new progress has been made in many projects that China and Russia could not agree on before, such as the China-Kyrgyzstan-Uzbekistan railway, the cooperation between Jilin Province and the port of Vladivostok, and the negotiations on oil pipelines. These developments are not only reflected in the economic field, but also in the deep political and strategic ties between the two countries.
However, despite the deepening of Sino-Russian relations, we must also be soberly aware that Russia is still wary of China to some extent. For example, Russia's diplomatic maneuvers, while maintaining close cooperation with China, have at some times shown a certain degree of independence and strategic considerations. Russia's remarks and Russia's attitude towards the Burmese army all reflect Russia's complexity and variability in international politics.
In this case, China's strategy should be to deepen cooperation with Russia while maintaining an appropriate level of independence and not relying solely on Russia. At the same time, China also needs to maintain a clear strategic thinking in international events such as the Russia-Ukraine conflict and the Sino-US war, taking into account not only national interests, but also international image and status.
This cooperation between Russia and China is a bold attempt in the international political and economic landscape. It is not only a cooperation between the two countries, but also a challenge and change to the current international order. In this changing world, every country is looking for its own path of development and its international position. It is against this background that the cooperation between China and Russia was born.
But, as the saying goes, "Seeing the good but not the harm is not good for the country or the individual." In the process of Sino-Russian cooperation, we need to keep a clear head, and see both the benefits of cooperation and the risks and challenges. Only in this way can we find our place in this complex and ever-changing world and achieve true development and rise.
This delicate position of Russia reminds us that international relations are never simply black and white. For China, this is an important diplomatic issue: how to maintain close cooperation with Russia while avoiding over-reliance on any one country, especially when it comes to core interests and international positions. This requires us to be more flexible and prudent in our foreign policy strategy in order to safeguard the country's long-term interests and international image.
Against the backdrop of the Russia-Ukraine conflict and Western sanctions against Russia, China's role has become more nuanced. We must not be drawn into geopolitical strife, but rather be a force for peace and stability. At the same time, China needs to continue to develop its economic power and international influence to ensure its independence and voice in the international arena. In such a multipolar world, the settlement rate of the local currency of China and Russia** is as high as 95%, which is not only an economic data, but also a symbol of deepening mutual trust and cooperation between the two countries. However, this cooperation is not without its challenges and risks. As a rising power, China must take into account its international responsibilities and obligations while safeguarding its national interests.
The future international political and economic order requires new thinking and strategies. China's role in this will not only be a regional leader, but a country with a global perspective and a sense of responsibility. This requires us to consider not only immediate benefits, but also long-term effects and consequences when dealing with international affairs.
As the saying goes, "A tree can't stop the spring breeze." In this changing world, both countries and individuals need to have an open mind and an inclusive vision. Only in this way will we be able to take our place in the international community and contribute to building a more peaceful, stable and prosperous world.