The nuclear-armed neighboring giants have grown closer in recent years, raising the specter of an alliance of authoritarian states that could challenge a U.S.-led democratic West in a new Cold War. Yet China has much to lose in such a scenario, and President Xi Jinping has spoken out against the “Cold War mentality” of those who portray his country’s rise as a threat.
The emergence of a China-Russia axis is far from a foregone conclusion. Trade with Europe and the United States is a major driver of China’s economic growth, even as its estrangement with the U.S. and its appetite for energy have led it to deepen ties with Russia.