• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia
LeadershipChina

Vladimir Putin’s China Visit Put His Weakness on Full Display

By
Minxin Pei
Minxin Pei
Down Arrow Button Icon
By
Minxin Pei
Minxin Pei
Down Arrow Button Icon
June 29, 2016, 2:30 PM ET
CAPTION CORRECTION! Russian President Putin on official visit to China
Photo by Mikhail Metzel\TASS via Getty Images

Ever since Sino-Russian ties began to warm up a few years ago, observers have been wondering how Russia would get used to its junior status in this unequal partnership.

With his fifth visit to Beijing on June 25, which lasted less than 24 hours, Russian President Vladimir Putin has finally given us some clues.

Circumstances have changed for both nations since Putin’s last visit to China two years ago. The Chinese economy has been caught in a stubborn downward spiral and Beijing has been putting out fires lately, such as a stock market crash and large-scale capital flight. Russia has fared even worse. The collapse of oil prices and Western sanctions have plunged the Russian economy into a death spiral. The ruble lost more than half of its value in the last two years. Russia’s GDP shrank 3.4% last year and is expected to contract further this year. So, China may not be doing too well, but Russia is in far worse shape.

It is thus an uncommon—but unsurprising—sight to see Putin, the swaggering strongman, perform the rituals of a clear supplicant to his senior partner, the Chinese President Xi Jinping.

To be sure, Russia has billed Putin’s visit as a huge success and touted the nearly 30 commercial deals signed between various Chinese and Russian entities as evidence of a mutually beneficial partnership. But a close examination of these deals and, more importantly, the three joint communiqués signed by Putin and Xi, reveals that it is China that is in the driver’s seat in the emerging Sino-Russian strategic partnership.

Cash-strapped Russia needs Chinese investments and has to sell technology it used to withhold from its powerful neighbor (and potential threat). Among the more notable deals signed during Putin’s visit was the purchase of a 40% stake by ChinaChem, China’s largest state-owned chemical company, in a petrochemical complex owned by Rosnef, Russia’s state-owned oil giant. Another eye-catching agreement was the sale of Russia’s advanced space rocket engine, RD-180, to China.

Putin gave away even more to please China in the language of the three Sino-Russian joint communiqués. On the surface, the three joint communiqués—one on the visit itself, one on cyberspace, and another on global strategic stability—clearly show the common interests shared by Russia and China in opposing recent American policies. For instance, in the communiqué on global strategic stability, both Putin and Xi denounced the U.S., albeit without naming it explicitly, for its intent on “deploying force or the threat of force to pursue its interests without any obstruction.” They singled out planned American deployment of anti-missile systems in Northeast Asia and Eastern Europe as harmful to Chinese and Russian national security interests. They also mentioned the proposed Global Prompt Strike, currently under development by the Pentagon, as a weapon system that will change the strategic balance and trigger a new arms race.

A close reading of the communiqués on cyberspace and the visit itself belies Putin’s junior status in his partnership with Xi.

On cyberspace, Russia, which has maintained much looser control of the internet than China, formally embraced the position long advocated by China, where the ruling Chinese Communist Party has been obsessed with the threat posed by the information revolution to its survival. According to the joint communiqué, Russia and China call for the “respect for the national sovereignty in the cyberspace … and oppose the interference of other countries’ internal affairs through the cyberspace.” This text could have been lifted from the mission statement of China’s internet censors.

Even more remarkable was Russia’s unequal trade with China on the South China Sea dispute and the conflict in Ukraine. On the South China Sea, Putin has finally embraced a key Chinese position, opposing “internationalization” of the dispute and external interference (a veiled reference to the U.S.). But what did he get in return? On Ukraine, the communiqué only stated that both China and Russia do not believe there is a military solution and any political and diplomatic solution must be based on the new Minsk ceasefire agreement signed in February 2015.

Beggars cannot be choosers, and a Putin besieged by both domestic economic woes and international isolation likely has no choice but to double-down on his bet on China. Of course, Russia’s strongman may have to kowtow to his newfound Chinese friend. But if such a gesture could gain him some extra space for survival, it is worth it, particularly when one considers his lack of alternatives.

Minxin Pei is the Tom and Margot Pritzker ’72 Professor of Government at Claremont McKenna College and a non-resident senior fellow at the German Marshall Fund of the United States

About the Author
By Minxin Pei
See full bioRight Arrow Button Icon

Latest in Leadership

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • Future 50
  • World’s Most Admired Companies
  • See All Rankings
Sections
  • Finance
  • Leadership
  • Success
  • Tech
  • Asia
  • Europe
  • Environment
  • Fortune Crypto
  • Health
  • Retail
  • Lifestyle
  • Politics
  • Newsletters
  • Magazine
  • Features
  • Commentary
  • Mpw
  • CEO Initiative
  • Conferences
  • Personal Finance
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
About Us
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Fortune
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in Leadership

benioff
PoliticsDavos
Billionaire Marc Benioff challenges the AI sector: ‘What’s more important to us, growth or our kids?’
By Jake AngeloJanuary 20, 2026
11 hours ago
karp
Future of WorkDavos
Palantir CEO says AI ‘will destroy’ humanities jobs but there will be ‘more than enough jobs’ for people with vocational training
By Jacqueline MunisJanuary 20, 2026
12 hours ago
Photo of a Davos attendee
C-SuiteLeadership
Trust has become the crisis CEOs can’t ignore at Davos, as new data show 70% of people turning more ‘insular’
By Diane BradyJanuary 20, 2026
14 hours ago
nadella
Big TechDavos
Satya Nadella’s biggest AI bubble warning yet is a challenge to the Fortune 500: It’s time to reinvent the knowledge worker
By Jake AngeloJanuary 20, 2026
16 hours ago
C-SuiteNext to Lead
What Walmart’s CEO succession reveals about the smartest time to exit
By Ruth UmohJanuary 20, 2026
16 hours ago
Image of various nation's flags over the World Economic Forum sign in Davos.
NewslettersEye on AI
At Davos, AI hype gives way to focus on ROI
By Jeremy KahnJanuary 20, 2026
16 hours ago

Most Popular

placeholder alt text
AI
Elon Musk says that in 10 to 20 years, work will be optional and money will be irrelevant thanks to AI and robotics
By Sasha RogelbergJanuary 19, 2026
2 days ago
placeholder alt text
Personal Finance
Current price of silver as of Tuesday, January 20, 2026
By Joseph HostetlerJanuary 20, 2026
20 hours ago
placeholder alt text
Politics
The U.S. Supreme Court could throw a wrench into Trump’s plan to take Greenland as soon as Tuesday
By Jim EdwardsJanuary 19, 2026
2 days ago
placeholder alt text
Success
Half of veterans leave their first post-military jobs in less than a year, and spouses face sky-high unemployment—this CEO has a $500 million fix
By Emma BurleighJanuary 19, 2026
2 days ago
placeholder alt text
Success
Billionaire Marc Andreessen spends 3 hours a day listening to podcasts and audiobooks—that’s nearly an entire 24-hour day each week
By Preston ForeJanuary 20, 2026
18 hours ago
placeholder alt text
Economy
Trump added $2.25 trillion to the national debt in his first year back in charge, watchdog says
By Nick LichtenbergJanuary 20, 2026
13 hours ago

© 2025 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.