Russian President Vladimir Putin met President Xi Jinping in Beijing for a state visit centred on energy, trade in national currencies, and what the two leaders called a "new era" of bilateral cooperation.
A joint statement reaffirmed strategic alignment on key foreign-policy issues and pledged deeper coordination on Eurasian connectivity, even as Western governments warned Beijing against material support for Russia's war effort in Ukraine.
Trade between the two countries reached a record $240 billion in 2023, with energy sales, agricultural products, and Chinese vehicles and machinery driving much of the increase.
Both sides committed to expanding settlement in roubles and yuan, accelerating a longer-running trend of de-dollarisation across portions of their bilateral commerce.