“China's top diplomat is offering Beijing's assistance to Moscow, as pessimism is spreading about the uncertainties of the Russian economy. With the Kremlin vowing to address Russia's dependence on oil and gas, more teamwork with China in non-energy sectors may help, but the key 'lies in the hands of Moscow itself', analysts said.”
“Foreign Minister Wang Yi told reporters on Saturday that 'Russia has the capability and the wisdom to overcome the existing hardship in the economic situation. If the Russian side needs, we will provide necessary assistance within our capacity,' Wang said. Wang said China and Russia have been consistently supporting and helping each other.”
“Zhang Deguang, a former Chinese ambassador to Russia, said Moscow has foreign currency reserves totaling hundreds of billions of dollars, and with such support the Russian economy 'is still far away from being totally paralyzed'.”
“Li Jianmin, a researcher at the Chinese Academy of Social Sciences, suggested that China's assistance be provided through mechanisms including the Shanghai Cooperation Organisation and BRICS. Earlier this month, when Russian Prime Minister Dmitry Medvedev met in Astana, Kazakhstan, with Premier Li Keqiang, they agreed on enhancing cooperation in railways, infrastructure and the development of Russia's Far East region. Loans, cooperation in major projects and participation in the domestic infrastructure investment in Russia are options on the table, Li added.”
“Qin Gang, the Foreign Ministry spokesman, told a news conference in Beijing on Thursday, 'Please do not forget that China and Russia are highly complementary in the economic field, with broad areas and huge potential for cooperation.'"
Putin clearly seeks a restructure for the economy, in order to develop further various sectors and relief the weight from the oil-gas sector which makes Russia more vulnerable in geopolitical-financial games. [...] Putin will seek further cooperation with China and India, as being fast developing countries with increasing energy needs. As he knows that the restructure of the economy will take time, Russia could turn to these markets to sell huge amounts of energy resources. Russia has a big advantage here due to its geographic position and its participation in the BRICS. Actually, Putin wants to signal that Russia is able to retain its social state through its reserves and through new energy markets until the crisis is over and the restructure of the economy completed.
As the US seek to isolate China, it seems that the Chinese are turning to the Shanghai Cooperation Organization (SCO), seeking to shield their inner security. The US moves in Asian Pasific, show the ultimate target. It appears that the SCO formation in 2001 was another tactical win by the Sino-Russian block, against the - occupied with the war on terrorism - West, to be used against future plans by the global neoliberal dictatorship, which would probably include the dissolution of the vast Russian territory and the dangerous isolation of China by land and sea.