VTB, Russia'€™s second biggest lender, has signed a deal with Bank of China, which includes an agreement to pay each other in domestic currencies. “Under the agreement, the banks plan to develop their partnership in a number of areas, including cooperation on ruble and renminbi settlements, investment banking, inter-bank lending, trade finance and capital-markets transactions,” says the offi [...]

Russia-China cooperation has reached its highest level ever, Russian President Vladimir Putin has said in an interview with Chinese media on the eve of his visit to Shanghai, where a record package of documents is expected to be signed by the two nations. [...]

The World Bank recently said the end of U.S. economic hegemony was coming before 2015 arrives. But we've heard this story before. Don't believe the hype about China. Last time I looked (yesterday), the U.S. economy in 2013 was three times larger than the Chinese (in real 2005 dollars, according to the magnificent historical data set of the U.S. Department of Agriculture’s Economic Research Servi [...]

A historic, long-term deal for the delivery of Russian gas to China that has been 10 years in the making is 98 percent ready, Russia'€™s Deputy Energy Minister Anatoly Yanovsky has said. All that's needed are the two countries'€™ signatures, he added. [...]

The American government conducted a major intelligence offensive against China, with targets including the Chinese government and networking company Huawei, according to documents from former NSA worker Edward Snowden that have been viewed by SPIEGEL. Among the American intelligence service's targets were former Chinese President Hu Jintao, the Chinese Trade Ministry, banks, as well as telecommuni [...]

Western sanctions might push Russia to deepen cooperation with BRICS states, in particular, to strengthen its ties with China, which will possibly turn out to be a big catastrophe for the US and the EU some time later. On March 18, the spokesperson for the Kremlin, Dmitry Peskov, claimed in a BBC interview that Russia would switch to new partners in case of economic sanctions being imposed by the [...]

A new Chinese stealth fighter jet'€™s design includes details obtained in a Chinese cyber-spying operation conducted seven years ago against the F-35 Lightning II, according to a new report based on conversations with US military officials and contractors. The Chinese espionage plot, dubbed Operation Byzantine Hades by US intelligence agencies, primarily targeted government as well as US industr [...]

China has successfully tested its first hypersonic missile delivery vehicle capable of penetrating US missile defense system and delivering nuclear warheads with record breaking speeds, Pentagon officials have confirmed. [...]