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As the leaders of two of the world's biggest and fastest-growing emerging economies meet in Moscow, political analysts predict the strategic co-operation between the two nations could shift the balance of power in the world. "I believe the world is now at a historic crossroads," Dr Kiyul Chung told RT. "Or some may say the world is at the brink of either being subdued or overcoming the US/NATO military intervention in Libya, [which is] now moving possibly to Syria or even to Iran, if Russia and China, or [the] Shanghai Co-operation Organization are [too] weak to stop US-led NATO military aggression in [the] North African region So I hope Russia and China [can] lead this new global movement to balance the power in the world, so they can build new world order where no more unilateral, aggressive or even colonial methodology [is] being put into a sovereign nation such as Libya." "China-Russia trade and economic relationship and huge development between the two nations, I believe, is not only impacting the European continent, but also the global scene," added Dr Kiyul Chung. "This economic and trade relationship is not limited only to economy, it is also a strategic relationship. So, it is going to have a huge impact on the world." ­US are jealous of Russian-Chinese ties -- political analyst Chairman of the Russian-Chinese Centre of Trade and Economic Co-operation Sergey Sanakoev believes that China is one of the places where the real economy of the future lies, and choosing Beijing as Russia's leading trade partner was a wise decision. "We think that with this country we have a lot of opportunities. We are going to deal with China," he said. He agrees that this growing Russia-China alliance could become a threat to the economic and political interests of the US and its allies. "I think that the US and China in the modern world are competitors," he said. "And certainly, [the] US is a little bit jealous when they see how Russia and China co-operate." He also believes there is a possibility that US could try to hamper Russian-Chinese relationship at some point. "China and US are the biggest economies in the world," he explained. "And may be sometime they will have something like G2." As Russia, China and key Central Asian states were meeting once again for what is known as the Shanghai Co-operation Organization, some concerns arose about this group rivaling NATO in the future. Sergey Sanakoev believes SCO is already a serious opponent to NATO in the region. "[The] Shanghai Organization is already playing big role in the world," he said. "And certainly the leaders of our countries also have intents to be original leaders in this area, and they do their best to show it to the whole world." One of the problematic issues for the two countries remains weapon exports. Back in the 1990s, China was the leading buyer of Russian arms. But now Russia fears China is copying its weapons and selling them at lower prices.