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HomeUncategorized'A strategic choice': China and Russia increasingly cooperate to break dollar dominance

'A strategic choice': China and Russia increasingly cooperate to break dollar dominance

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Chinese government representatives recall that “the game of the great powers” has intensified, with the West resorting to different tactics in an attempt to isolate Beijing and Moscow and obstruct their development.

Bilateral trade between Beijing and Moscow, which is being carried out through the use of their respective national currencies in transactions, will contribute to the global de-dollarization process, said China’s charge d’affaires in Russia, Sun Weidong, at a conference held this week in the Russian capital.

“The existing economic cooperation between the two countries, as well as the accumulated long-term level of trade have laid a solid foundation for further deepen mutual collaboration,” said Weidong, quoted by the Tass agency.

El Pentágono: Rusia es una El Pentágono: Rusia es una

The diplomat stressed that China’s industrial structure and production chain are among the “ most advanced and modern in the world “, to which is added “a great advantage in the construction of capital and market” ; while Russia is rich in natural resources

and has a large industrial, technological and agricultural base”. All these factors complement each other and can increase the volume of trade and bilateral collaboration, he stressed.

“Game of great powers”

Also, “financial cooperation” , which is reflected in “the agreements in national currencies ” which both countries are actively promoting, “will influence global de-dollarization,” Weidong added. He also noted that bilateral collaboration is

stronger and stronger in different fields, including nuclear energy, aviation, the construction of space rocket motors and satellite navigation.

Chargé d’Affaires He emphasized that this cooperation is not temporary, but rather it is a “strategic choice made based on fundamental interests” of the two nations. Likewise, he recalled that “

the world is changing

” and that “the game of the great powers” has intensified, with the West resorting to different tactics in an attempt to isolate China and Russia, as well as to obstruct their development.

Beijing and Moscow must show determination to defend their interests in the face of the transformation of the world order and its “

malicious provocations

,” suggested the diplomat. “China and Russia must work together to demolish the unfair and unreasonable ‘rules’ that the West has formulated to maintain its economic hegemony, and only then can we maintain real multilateralism in international relations, promote an equitable, fair and reasonable globalization”, he concluded.

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