Much has been written and speculated over an emerging strategic alliance between Russia and China, which I gave the name ‘the Dragonbear’ in the geopolitics of the 21st century. Interpretations of the context of deepening bilateral relations range from very skeptic to very optimistic prognoses for the future. But what does the Dragonbear really aim to achieve in global affairs? First and foremost, it is about counterbalancing arising centrifugal forces in all fields — from economy, finance and trade, to diplomacy and political links, to military, defense and strategic alliances. But it also has a lot to do with the countries’ overlapping understanding that the world is in a system transformation, whose results are unpredictable and whose implications might be very dangerous for them.