Russia and China have achieved remarkable success in their efforts to develop advanced navies, which presents a challenge to America's naval supremacy at a time when the US Navy is trying to adapt to the changing security environment, US Chief of Naval Operations Admiral John Richardson said. [...]

Iran is moving forward to get rid of the US dollar as a means of payment, independent researcher Timothy Alexander Guzman points out, adding that Washington has obviously shot itself in the foot by imposing sanctions on Moscow and Tehran. [...]

Beijing has said political dialogue is the only solution to the conflict in Ukraine, and not sanctions. On Monday, the European Union announced it was prolonging economic sanctions against Russia for another six months, for what it called Moscow’s noncompliance with the terms of a ceasefire agreed in Minsk, Belarus. [...]

Russian and Chinese authorities have agreed to set up a joint information agency that would work in both countries, as well as a major discussion club with the provisional name of the Amur Dialogue. “The proposal to create a joint news agency has been made at the Russian-Chinese forum that is currently taking place in Beijing.   [...]

Russia is selling China high performance aircraft as an answer to America’s actions around Asia, Conn Hallinan from Foreign Policy in Focus, told RT. Beijing has signed a deal with Moscow for Sukhoi fighter jets. China will buy 24 cutting-edge SU-35s. China is the first foreign sale of the multipurpose aircraft. [...]

Although the US military “do not seek” a new Cold War, it is determined to oppose the rising global powers – Russia and China – in order to protect the US-dominated “international order,” US Defense Secretary Ash Carter has said. [...]

As stock markets continue their slide into negative territory, economists debate whether the problems lie in monetary mismanagement by the US Federal Reserve or with China’s domestic concerns “exporting pain” to others via its yuan devaluation. Speaking to RT, economist Peter Schiff of Euro Pacific Capital Inc. said that there is a lot of “scapegoating” surrounding China and the yua [...]

Rewriting history shatters the pillars of the world order perpetuated by the UN Charter, Russia's foreign minister said in an article published in Russian and Chinese media. The world's fate cannot be held in the hands of just one state, he added. [...]

China's central bank has put the Russian ruble into circulation in Suifenhe City, Heilongjiang Province, launching a pilot two-currency (ruble and yuan) program. The ruble is being introduced in the place of US dollar. The announcement was made on Saturday by Jin Mei, deputy secretary for monetary policy at the opening ceremony of a trade exposition in Suifenhe, reported state-run Xinhua news a [...]

China’s gold holdings grew by 604 tons to 1,658 tons since 2009, according to the data from People’s Bank of China revealed on Friday. The country thus overtook Russia to become the fifth largest holder of gold in the world. The information has been disclosed after a six-year delay. China’s central bank has reported changes to its gold reserve levels only four times over the last 15 years [...]

In May China imported a record 3.92 million metric tons of crude oil from Russia, which is equivalent to 927,000 barrels per day. Russia has become Beijing's top crude supplier for the first time since October 2005. “Russia is using its good relationship with China to increase supplies and has now taken the top spot,” Gao Jian, an analyst at Shandong-based energy consultant SCI Internationa [...]

The White House is determined to block the rise of the key nuclear-armed nations, Russia and China, neither of whom will join the "world's acceptance of Washington's hegemony," says head of the Institute for Political Economy, Paul Craig Roberts. The former US assistant secretary of the Treasury for economic policy, Dr Paul Craig Roberts, has written on his blog that Beijing is currently "confr [...]

The Heilongjiang branch of the Export-Import Bank of China has allocated over $96.5 million to construct the Chinese section of the Sino-Russian railway bridge. The first railway bridge over the Amur River should cut transportation times and boost trade. “The Exim Bank has conducted an inspection of the construction site, determined the demand for financing and issued a loan of 400 million yu [...]

Beijing has voiced "strong opposition" to a US Department of Defense (DoD) report which accused China's military of being a threat and lacking transparency. It also urged the US to abandon its Cold War mentality and stop jeopardizing bilateral relations. The USreport, published on Friday, criticized the actions of China's military in the disputed South China Sea – particularly the rapid const [...]

Russia and China have signed a number of energy, trade and finance deals on Friday aimed at strengthening economic ties. The two countries have multiple mutual projects which "achieved a unity of views on a wide range of issues." Russian President Vladimir Putin and Chinese leader Xi Jinping have signed a decree on cooperation in tying the development of the Eurasian Economic Union with the "Si [...]

Part of China's rapidly developing space program consists of testing new anti-space technologies, even though the country publicly pledges not to militarize space, the Pentagon said in a report to Congress. “By the end of October 2014, China had launched 16 spacecraft, either domestically or via a commercial space launch provider. [...]

Russia and China suffered the worst casualties during World War II and thus have the greatest reasons to oppose attempts to rehabilitate Nazism and militarism, Russian President Vladimir Putin said after meeting China's President Xi Jinping. [...]

Moscow may team up with Beijing to create a scientific station on the Moon. The challenge for Russia is to build its own space station by 2024 to achieve its lunar exploration goals. According to Russian Deputy Prime Minister Dmitry Rogozin, who supervises defense-related policies, the question on "bringing China in as the main partner in creating a lunar scientific station," is currently being [...]

The Russian and Chinese Navies are to hold a joint exercise in the Mediterranean Sea in mid-May, a first in that part of the world. A total of nine warships from the two countries are to participate, Beijing said. "The aim is to deepen both countries' friendly and practical cooperation, and increase our navies' ability to jointly deal with maritime security threats," [...]

China intends to ramp up trade with Russia to $100 billion in 2015, the Chinese Ambassador to Russia Li Hui has said. The $4.7 billion increase from last year cements the countries commitment to boosting cooperation in finance and energy. "We intend to increase bilateral trade to $100 billion this year,” Hui said at a news conference in Moscow Wednesday, as quoted by TASS. [...]

Russia's upper house of Parliament, the Federation Council, has ratified the plan to deliver 38 billion cubic meters of natural gas to China. The deliveries are slated to begin as early as 2018. The bill hashes through the detail of exactly how the nearly 4,000 kilometer long pipeline will be built and operated. [...]

The laws of the global economy should be written by the United States and not by the likes of China according to President Obama, as concern over China's influence is growing. Washington hopes a Pacific free trade pact will curb Beijing's investment bank. "When 95 percent of our potential customers live abroad, we must be sure that we are writing the rules for the global economy, not a country [...]