In order to promote broad expert dialogue and regularly assess the progress of Russia - China collaboration, Russian International Affairs Council in cooperation with the Chinese Academy of Social Sciences hosts annual “Russia and China: Collaboration in the New Era” conferences which bring together around 300 Russian and Chinese experts. The initiative has been widely supported by both official and expert circles and is supposed to be continued in future with a focus not only on practical recommendations, but also on Moscow and Beijing’s longer-term strategic priorities. This article analyzes main conclusions and recommendations of the Fifth conference that was held on May 29-30, 2019. Analysis of the history of partnership in the context of the 70th anniversary of diplomatic relations shows that Russia and China have now developed specific characteristics of relations between two major partners including mutual respect and close coordination but the two states are not planning to form an alliance. They take similar stances on many issues of international agenda, what is all the more important in the current turbulent situation against the background of protectionism and unilateralism. Working together in the framework of Great Eurasian partnership to ensure regional synergy remains one of the two states’ priorities. While Russia - China strategic interaction has been positively assessed, experts call for much closer and higher-quality bilateral collaboration in economy, investment, education, science and other areas. In the context of a new technological revolution focus in the cooperation should be also made on joint innovations, digital economy and hi-tech.