China, being the world’s leading economy, is already today Russia’s largest trading partner. Complementarity of the countries’ economies, the common border, large-scale transport projects, cooperation in key sectors, participation in BRICS and SCO — these and other factors serve as major drivers for all existing and new bilateral initiatives. The potential of these relationships is to a large extent determined by their content and current trends.
Railroads play a crucial role in the Eurasian ITCs. Because of the speed and reliability of deliveries it provides, railway transportation is starting to compete with shipment by sea (advantage of speed) and air (advantage of cost). The competition with alternative routes has to be taken into account, whereas the strategy should be built around the available advantages of the existing routes and the complementary nature of others.