Unequal China-Russia partnership strives for balance against the West

Feb 21, 2022 | INVESTING

Russia’s structural dependence on fossil fuels may hold back the trade partnership Beijing and Moscow are pushing as a hedge against US dominance, diplomatic observers say.Their assessment follows a pledge by the Russian and Chinese leaders to look for new sources of growth in their comprehensive strategic partnership to counter increasing hostility from the West.Russia, which has some of the world’s most extensive natural resources, is hoping its ties with the world’s second-largest economy…

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