Moscow and Beijing will team up to create an integrated navigation system based on Russia’s Global Navigation Satellite System (GLONASS) and the Chinese BeiDou. The satellite system will cover most of Eurasia. The countries will reportedly negotiate the merger in May at the International Conference on Advanced Technologies in Manufacturing and Materials Engineering in the Chinese city of Harbin, [...]

Muammar Gaddafi wanted to shatter the dominance of the greenback in the Middle East by introducing gold-backed dinar, but failed. China has a chance to finish what he started, one industry expert has told RT. “Ideas related to oil trade in currencies other than the dollar arose more than once.  [...]

Beijing is hiking up tariffs on more than 128 US imports, including fruit and pork, as part of a tit-for-tat response to US President Donald Trump’s $60 billion package of tariffs imposed against China. The additional fares, which range from 15 to 25 percent, will take effect on Monday, the Chinese Finance Ministry said on their website. [...]

Leaders of the two US military branches have warned that China is “weaponizing capital” - buying strategically valuable land from other countries to give themselves a military edge to “win without fighting.” During a House of Representatives Appropriations Defense Subcommittee hearing on Thursday, US Secretary of the Navy Richard V. Spencer told lawmakers that the issue of Chinese land [...]

The US military has admitted that the United States is lagging behind Russia and China when it comes to hypersonic weapons development, according to The Hill. "Right now we are helpless," Republican US Senator James Inhofe, who sits on the Armed Services Committee, was quoted by The Hill as saying. [...]

China is the world's biggest crude consumer and buys most of its oil from Russia. However, most settlements are still in US dollars. The launch of the petro-yuan now allows Moscow and Beijing to use national currencies instead. China and Russia are actively reducing dependence on the dollar in bilateral trade. In October 2017, Beijing launched a payment system for transactions in yuan and Russian [...]

The new trade war announced by US President Donald Trump is seeing some immediate and effective blowback in the form of a refusal by Beijing to lift its ban on the import of foreign garbage. Amid fears of a potentially devastating trade war between the US and China, Washington has urged Beijing not to implement the ban on US garbage and recyclable materials that Asia’s giant threatened to impose [...]

The gold accumulated by China and Russia could be seen as part of a strategy to move away from international trade denominated in US dollars, according to Singapore’s BullionStar precious metals expert Ronan Manly. Manly exclusively told RT that there is a shift occurring regarding the two countries building up their gold reserves, to perhaps returning to gold-backed currencies in the future an [...]

Tourists from China accounted for the highest number of foreign visitors to Russia last year, according to Chinese Ambassador Li Hui. “The number of Chinese tourists in Russia reached 1.5 million in 2017. [...]

European and Chinese officials are firing shots across America’s bow over plans by the Trump administration to impose protectionist tariffs on its steel and aluminum imports. A trade war looms as a result. President Donald Trump is expected to set tariffs of 25 percent on imported steel and 10 percent on imported aluminum this week. [...]

The Chinese economy just pushed past the US to become the world’s largest economy (at least according to purchasing power parity). Although long expected by many experts, the Asian powerhouse’s snatching of the top spot has taken some by surprise. Euro Pacific Capital President Peter Schiff speaks with RT’s Ben Swann on why the US is now number two. China overtakes US as world's large [...]

On Saturday, the US federal government shut down due to a lack of funding after Democrats in the Senate prevented Republicans from passing the spending bill. The US government shutdown raises questions about the viability and legitimacy of America’s political system, Chinese state media has reported. [...]

Beijing has announced plans to extend the ambitious Belt and Road Initiative to the Arctic by developing shipping routes, in a project dubbed the Polar Silk Road. In a white paper released on Friday, the country said it expects to have a “major role in expanding the network of shipping routes” and noted that “as a result of global warming, the Arctic shipping routes are likely to become impo [...]

Since the new Russia-China oil supply agreement took effect at the start of the year, PetroChina’s largest refinery has almost doubled the amount of Russian pipeline crude oil that it is processing. A senior industry source with direct knowledge of the volumes told Reuters, the 410,000-bpd PetroChina refinery in the northeast port city Dalian will process 260,000 bpd of Russian pipeline crude oi [...]

Beijing has stepped up its "railway diplomacy" by boosting its infrastructural projects simultaneously on three continents. Speaking to Sputnik, analysts highlighted China's competitive advantages and shed light on the obstacles the People's Republic is facing while implementing its initiatives. [...]

The Chinese Ambassador has praised the Russia-China relationship as “the best in the world,” but analysts tell RT it falls short of a close economic or military alliance. This may change if Washington chooses to confront Beijing.   [...]

A new report issued by the US-based research think tank RAND Corporation has suggested that under the threat of open confrontation with Russia and China, the United States is likely to suffer sufficient losses and eventually will be defeated. [...]

After threatening Pyongyang with a military option US President Donald Trump turned to Russia and China calling upon them to join his efforts to solve the North Korean dilemma, analysts told Sputnik, explaining what is behind the new US sanction policy targeting the world's financial institutions that work with North Korea. [...]

US President Donald Trump has arrived in Beijing for a two-day visit as part of his five-nation tour of Asia. Sputnik looks at how the relationship between the US and China has changed Richard Nixon's historic eight-day trip in 1972. [...]

The international financial system needs to balance which is why there is no place for a dominant currency, said Russian PM Dmitry Medvedev. “The balanced system of financial relations should be based on the use of various reserve currencies, various forms of settlement. There should be no domination of any one currency,” said Medvedev, speaking at the regular Russia and China heads of govern [...]

China raised the maximum speed of its popular Beijing-Shanghai bullet trains up to 350 kph Tuesday, following years of restrictions amid safety concerns. China's Fuxings have once again become the world's fastest trains with the journey between Beijing and Shanghai being reduced from 5 hours and 45 minutes to 4 hours and 28 minutes. [...]

The United States dare not enter a trade war with China because it would certainly lose as it has already lost global economic, manufacturing and purchasing power leadership, analysts told Sputnik. [...]