South Africa keeps rates unchanged after unpredictable vote    Israel's c.bank chief: IDF shouldn't get 'blank check'    Egypt's gold prices fall on May 30th    KOTRA organises Egypt-Korea cooperation seminar on electronics industry    MSMEDA encourages enterprise owners to shift to formal sector: Rahmi    Ancient Egyptians may have attempted early cancer treatment surgery    Indian rupee to slip on rising US yields, dollar    Egypt, China strengthen ties on 10th anniversary of strategic partnership    Israel takes control of Philadelphia Corridor along Gaza-Egypt border    Egypt reaffirms commitment to African cooperation at AfDB Meetings    Germany approves carbon transport, storage proposals    Thailand seeks entry into BRICS    Abdel Ghaffar discuss cooperation in health sector with General Electric Company    Grand Egyptian Museum opening: Madbouly reviews final preparations    Valu Partners with Magdi Yacoub Heart Foundation to streamline donations for New Cairo centre    Kremlin accuses NATO of direct involvement in Ukraine conflict as fighting intensifies    Madinaty's inaugural Skydiving event boosts sports tourism appeal    Tunisia's President Saied reshuffles cabinet amidst political tension    US Embassy in Cairo brings world-famous Harlem Globetrotters to Egypt    Instagram Celebrates African Women in 'Made by Africa, Loved by the World' 2024 Campaign    US Biogen agrees to acquire HI-Bio for $1.8b    Egypt to build 58 hospitals by '25    Giza Pyramids host Egypt's leg of global 'One Run' half-marathon    Madinaty to host "Fly Over Madinaty" skydiving event    World Bank assesses Cairo's major waste management project    Egyptian consortium nears completion of Tanzania's Julius Nyerere hydropower project    Sweilam highlights Egypt's water needs, cooperation efforts during Baghdad Conference    Swiss freeze on Russian assets dwindles to $6.36b in '23    Egyptian public, private sectors off on Apr 25 marking Sinai Liberation    Debt swaps could unlock $100b for climate action    Amal Al Ghad Magazine congratulates President Sisi on new office term    Financial literacy becomes extremely important – EGX official    Euro area annual inflation up to 2.9% – Eurostat    BYD، Brazil's Sigma Lithium JV likely    UNESCO celebrates World Arabic Language Day    Motaz Azaiza mural in Manchester tribute to Palestinian journalists    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Putin's China visit watched for strategic signals
Published in Ahram Online on 09 - 10 - 2011

Vladimir Putin's expected visit to China is the his first move for stepping up Russia's foreign policy and getting in on China's booming economy ahead of his controversial re-election, set to take place in March
Vladimir Putin visits China on Tuesday in his first foreign trip since revealing plans to reclaim Russia's presidency, addressing a challenging relationship with a giant neighbor whose growth is both an opportunity and a potential threat for Moscow.
For Putin, whose main focus has been domestic in nearly four years as prime minister, the trip sets in motion a return to forefront of Russian foreign policy ahead of a March election in which he is expected to win a six-year term as president.
Beneath talk of strategic relations and shared stances on world affairs, wrangling over a gas pact worth a potential $1 trillion points up the tough issues he will confront in dealing with Russia's far more populous, faster growing neighbor.
China, facing its own leadership transition next year, may try to gauge Putin's plans for what could be 12 years at the helm of a country whose natural resources and nuclear arms make it a factor in Beijing's economic and geopolitical strategies.
"The significance of this trip exceeds that of a normal prime minister-level visit," said Zhao Huasheng, director at the Center for Russia and Central Asia Studies at Shanghai's Fudan University.
Putin will bring an army of executives including the CEOs of state-controlled energy firms Gazprom and Rosneft and aluminum producer UC RUSAL, all eager to exchange their wares for Chinese cash.
His meetings with Chinese President Hu Jintao and Prime Minister Wen Jiabao will feature warm affirmations of friendship and solidarity on big global issues between two countries that often move in lockstep to counter the United States and Europe.
Their double veto last week of a European-drafted, US-backed UN Security Council resolution to condemn Syria's crackdown on pro-democracy protesters was a warning against Western meddling in their own countries and others worldwide.
Putin may use the trip to show the West an emphasis on China as Russia's geopolitical partner and a customer for its energy.
He did just that in a televised meeting with Gazprom CEO Alexei Miller on October 3, pointedly ordering him to prepare proposals on expansion into Asian markets, seen as a way to diversify Russian energy exports away from stagnant Europe.
President Dmitry Medvedev has not been cool to China since Putin steered him into the Kremlin after his own 2000-2008 presidency, but his emphasis has been on presenting a friendlier face to the West and improving ties with the United States.
Putin's meeting with Miller followed European Commission raids on offices of Gazprom subsidiaries in Europe that underscored persistent tensions over the continent's heavy reliance on Russian gas, which EU members want to reduce.
But China's friendly political ties with Russia, and their partnership in the loose BRIC grouping that also includes India and Brazil, do not make Beijing less of a tough customer when it comes to energy deals.
Putin will likely seek to resolve the price disagreements that have prevented Russia nailing down a 30-year deal to supply China with up to 68 billion cubic meters of gas per year.
But Gazprom's export chief told Reuters last month that the five-year-old negotiations might not end this year, pushing back initial deliveries beyond the latest target of 2016.
Meanwhile, China is cultivating other sources of energy supplies, particularly in ex-Soviet Central Asia.
A report this month by the Stockholm International Peace Research Institute (SIPRI) said China was gaining the upper hand in the relationship as it becomes less reliant on Russia for advanced weapons and looks elsewhere for some of its energy.
It said Russia's significance to China would continue to diminish in the coming years, and that "there are strategic planners in Beijing and Moscow who view the other side as the ultimate strategic threat in the long term.
While Putin may use China as a foil against the West, the pragmatic former KGB officer is well aware of such concerns.
As he prepares for what could be two six-year terms as president, "the risks from China's growth will be watched more closely than the opportunities," said Fyodor Lukyanov, editor of the journal Russia in Global Affairs.
At an investor conference on Thursday, Putin used a joke to play down the challenge posed by China's faster growth after TPG Capital co-founder David Bonderman outlined China's path to becoming the world's largest economy.
"He got me worried. He said that the United States is so far the world's biggest economy but China will undoubtedly take over. So we now need to keep our foreign currency reserves in yuan while the Chinese will keep them in dollars," Putin said.
"That will be an interesting Russian doll."


Clic here to read the story from its source.