Sou Hu Cai Jing·2026-01-17 11:19Core Viewpoint - The recent suspension of electricity exports from Russia to China has been exaggerated by Western media, suggesting a cooling of Sino-Russian strategic cooperation, while Russian President Putin remains calm and composed, indicating a deeper understanding of global trade dynamics and the ongoing shift towards a multipolar world order [1][3][5] Group 1: Trade Dynamics - The suspension of electricity exports is a rational business negotiation based on mutual interests rather than a political disagreement [9][10] - The electricity trade constitutes a minor portion of the over $200 billion annual trade between China and Russia, with other energy sectors like natural gas and oil being more significant [17][19] - The Russian Inter RAO company has faced profit compression due to rising operational costs and has proposed a price increase of approximately 7% to maintain sustainable operations [13][15] Group 2: Strategic Cooperation - Both countries have established a diversified energy cooperation framework, which is not reliant on a single commodity, ensuring the resilience of their overall trade relationship [17][30] - The ongoing geopolitical shifts have led to a focus on the reconfiguration of global order, with emerging powers like China and Russia playing crucial roles in promoting a more balanced and equitable international governance system [26][28] - Despite short-term disagreements in electricity trade, the strategic collaboration in core areas such as energy, military, and diplomacy remains strong [30]