There is a growing debate about the emerging powers of China and Russia and the possibility of the two countries to balance the hegemony of United States in the world order. Based on the proposed geo-economical approach, I analyse the growing dynamics of China and Russia and compare the strengths and weaknesses of each countries’ style of economic development. After analysing the strengths and weaknesses of both countries, I elaborate the possibility of conflict and cooperation between them. I argue about the probability of success and failure in the both countries’ aspiration to balance the domination of United States. These dynamics, whether ending in challenging the U.S. hegemony or not, is likely to generate concerns, especially in the Asia-Pacific region. Therefore, I also elaborate the possible complications in the regions regarding the both countries’ quest for power. In the end, I try to argue about the position of China and Russia related to the relative position of the United States, especially in the Asia-Pacific region.
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