Posted on 05/18/2014 4:41:48 PM PDT by Oldeconomybuyer
MOSCOW -- Russian President Vladimir Putin has said his country's cooperation with China has reached its all-time best and that the two sides were ready to expand ties in numerous spheres.
"China is our reliable friend. To expand cooperation with China is undoubtedly Russia's diplomatic priority," Putin told Chinese reporters before attending the Conference on Interaction and Confidence-Building Measures in Asia (CICA) slated for Tuesday and Wednesday in Shanghai.
Putin, who will also pay a state visit to China on the sidelines of the summit, said he and Chinese President Xi Jinping will review the implementation of already-signed agreements, and hammer out future objectives.
"I believe the upcoming talks will inject strong impetus to various bilateral cooperation projects, as well as to the deepening of coordination between the two countries in the international arena," he said.
Putin pointed out that at the present stage the two countries should give priority to enhancing cooperation in economy, science and high technology.
Against the backdrop of global economic turbulence, it was of crucial significance for the two countries to strengthen mutually beneficial economic and trade relations and boost mutual investment, he said.
(Excerpt) Read more at news.xinhuanet.com ...
I strongly agree with you.
The GOP has a segment which is even now, pushing ever more manufacturing and technology over to China.
That segment, is killing the party, and damaging our own nation.
We run a MASSIVE trade deficit each and every year with China.
China is on the verge, of passing America globally.
Yet there is still a segment of the GOP, which wants to send ever more manufacturing there.
Bring back American manufacturing.
Yep. We gave China most favored nation trading status. Essentially carte blanche. We did it to modernize their society and give their citizens a taste of money. I gotta wonder if that was such a fine idea. We made them a wealthy superpower who is now a major threat. We are indebted to them and have very little leverage anymore.
As for Putin, he obviously is wanting to open up trade. US & EU sanctions just make him look to another partner. He is probably negotiating about tech imports & exports. Other imports & exports too. Both countries would likely benefit from that. They are probably talking about establishing a common currency. Dumping the dollar and turning to the yuan would be a diabolical move that would hurt us and Europe greatly. So would cutting a gas deal with energy hungry China. He could easily sell all of his gas there.
A military alliance between the two would cost us greatly. Just the uncertainty that it would create would be very bad!
Sorry! Am I being pessimistic today?
In truth, he’s been playing the China card for year. He shares certain technology with them too. It’s an alliance that sees Chine benefit from both Russia and us, and benefits to both our detriments.
In time, we’ll pay.
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