[MUSIC] Another very important relationship is Sino-Russian relations. If we look at it from a strategic perspective, first thing we see is a very long common border. And it had been the scene of war in 1969 and major troop placements up until 1989. Now Russia sells weapons to China, but the military and Nationalists in Russia worry about China's rise. And maybe those weapons one day will be used against Russia but they have some common views about the world. They both favor a multi-polar world, they want to see less US influence. They oppose sanctions on countries that violate international norms. But on the other hand, China is quite uncomfortable with the recent Russian takeover of Crimea and it's incursions into Eastern Ukraine. Because they see this as deep penetration, deep interference in another countries internal affairs. They also compete within the Shang-Hai cooperation organization in Central Asia where China has a larger economic role. But the Russians really have great political leverage with the ruling families that run these areas. Now, we can see in terms of the mutual perceptions again and using the data from the Pew Research Center. We can see two points I want to make, one is, we've got a pretty big gap here. In 2011, this is China's favorability in the eyes of Russians and this is the Russia's favorability in the eyes of Chinese. The Russians feel much better about the Chinese than the Chinese do about the Russians. And here, you get a difference of 16 points, right and then in 2015 we get again, a huge gap. Here we're talking about 28% difference in the mutual perception but here we can see, that even though this jumped up. The reason it got better was, that In 2014, Chinese felt better about the Russians for a period of time. And then it reverted back down to similar to the pattern, which is about 50% of Chinese have a favorable view about Russians. Now, this is also a very good energy relationship, this is a political economy perspective. This is the key energy relationship with agreements to build power plants. Russia will build power plan for China in Siberia, using Russian coal. They have an oil pipeline from Russia to China and they've been negotiating for a long time and finally sealed a deal on natural gas. But that deal on natural gas in 2015 actually, It was quite good for China in terms of price. Because the Russians, after having invaded the Ukraine, the Europeans stopped buying Russian gas. And so, Russia had to sell the gas and so China could get a good price but trade between the two nations has increased dramatically. Basically doubling from 50 billion U.S. dollars to 100 billion U.S. dollars in five years. But a trade is, what does Russia have to export? Largely it has primary products, right, oil, gas, gold and more like a developing country. While China exports higher value added goods such as electronics.