China–Russia Economic Ties: Strengthening but Strained
Sino-Russian relations have been improving in many dimensions, including in economic terms. In the last few years, the People’s Republic of China (PRC) has become the Russian Federation’s largest trading partner, while Russia has become a main source of China’s imported oil and has attracted more Chinese investment. The PRC has also been acquiring advanced weapons from Russian arms exporters, filling critical gaps in Chinese military power. Overall, Russia’s foreign economic ties have rebalanced away from Europe and towards China in recent years.
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