Russia and China rapidly restore communication after the Cold War, but the Chinese immigration issue is also widely exaggerated and even described as “Yellow Peril again” in Russia. The so-called Yellow Peril is not only a Russian object perception but also a cross-generational conflict between Russia and China. Furthermore, it will be related to the subsequent development of the Russian Far East and Siberia. The Chinese immigration constitutes psychological and survival non-traditional security impacts on Russia and also forms some kind of social competition with Russians. It is vital for Russia to cooperate with its eastern neighbor to accelerate the development of the Russian Far East and Siberia, but national security and social stability are the prerequisites for cooperation. Nevertheless, it is more significant to rebuild self-confidence of the Russians in the Russian Far East and acknowledge that the East will not be a threat to Russia. As long as Russia realizes that it can enjoy unlimited possibilities in the East, the non-traditional security impacts caused by the Chinese immigration will automatically alleviate and even disappear. Today, most Russians are trapped in the dilemma of welcoming or refusing the Chinese immigrants; however, cultural exchange still has some effects and at least causes Russians to begin to positively treat the Chinese immigration and consider whether to accept China and cooperate with China.