Since the US has begun its trade war on various fronts, including custom duties imposed by Trump's Administration, China and Russia have been trying to strenghten their ties. The leaders of two bigger Eurasian powers say their countries are closer than ever been.
Actually, Russia is considered by Beijing's Government as a source of energy, and Chinese activity in Russia's infrastructures project is on the rise. In addition, the two countries are close allied on many global issues including Syria, North Korea and Iran.
In this perspective, the Russian-Chinese closer relationship is not just about economic and business cooperation, it is also a reaction tho the attemp by Washington to weaken both China and Russia as geopolitical competitors. From 11 to 17 September 2018 we saw the biggest military exercise between China, Russia and Mongolia througout the Siberian plateau and Russia's Far East.
It seems that new economic centers have emerged and the balance of power has been shifting: since 2001 Russia and China have been leading a security economic and political alliance, the Shangai Cooperation Organization (SCO), which has eight member States and represents 40 % of global population (20 % of global GDP).
Obviously, the functions of the International Financial Organization and the role of the US Dollar may be changed. The EU has already put in place a new special payment system to help facilitate non-dollar trade with Iran. And with regards to Iran, the two Eurasian superpowers have just expressed concern in strong statements over a military confrontation in the perilous strait of Hormuz. Russia and China disagree with US's practice of extreme and provocative pressure on Iran. Their ultimate goal is to push the US out of the Asian and Indo-Pacific areas.
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