Finance Ministry to offer eight T-bill, bond tenders worth EGP 190bn this week    US forces capture Maduro in "Midnight Hammer" raid; Trump pledges US governance of Venezuela    Gold slips at start of 2026 as thin liquidity triggers profit-taking: Gold Bullion    ETA begins receiving 2025 tax returns, announces expanded support measures    Port Said health facilities record 362,662 medical services throughout 2025    Madbouly inspects Luxor healthcare facilities as Universal Insurance expands in Upper Egypt    Nuclear shields and new recruits: France braces for a Europe without Washington    Cairo conducts intensive contacts to halt Yemen fighting as government forces seize key port    Gold prices in Egypt end 2025's final session lower    From Niche to National Asset: Inside the Egyptian Golf Federation's Institutional Rebirth    Egyptian pound edges lower against dollar in Wednesday's early trade    Oil to end 2025 with sharp losses    5th-century BC industrial hub, Roman burials discovered in Egypt's West Delta    Egyptian-Italian team uncovers ancient workshops, Roman cemetery in Western Nile Delta    Egypt to cover private healthcare costs under universal insurance scheme, says PM at New Giza University Hospital opening    Egypt completes restoration of 43 historical agreements, 13 maps for Foreign Ministry archive    Egypt, Viatris sign MoU to expand presidential mental health initiative    Egypt sends medical convoy, supplies to Sudan to support healthcare sector    Egypt's PM reviews rollout of second phase of universal health insurance scheme    Egypt sends 15th urgent aid convoy to Gaza in cooperation with Catholic Relief Services    Al-Sisi: Egypt seeks binding Nile agreement with Ethiopia    Egyptian-built dam in Tanzania is model for Nile cooperation, says Foreign Minister    Al-Sisi affirms support for Sudan's sovereignty and calls for accountability over conflict crimes    Egypt flags red lines, urges Sudan unity, civilian protection    Egypt unveils restored colossal statues of King Amenhotep III at Luxor mortuary temple    Egyptian Golf Federation appoints Stuart Clayton as technical director    4th Egyptian Women Summit kicks off with focus on STEM, AI    UNESCO adds Egyptian Koshari to intangible cultural heritage list    Egypt recovers two ancient artefacts from Belgium    Egypt, Saudi nuclear authorities sign MoU to boost cooperation on nuclear safety    Egypt warns of erratic Ethiopian dam operations after sharp swings in Blue Nile flows    Egypt golf team reclaims Arab standing with silver; Omar Hisham Talaat congratulates team    Sisi expands national support fund to include diplomats who died on duty    Egypt's PM reviews efforts to remove Nile River encroachments    Egypt resolves dispute between top African sports bodies ahead of 2027 African Games    Germany among EU's priciest labour markets – official data    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.