Trade Interactions between China and Russia: Problems of Intensification

Occupation: Leading Researcher, Department of Regional Models, Forecasting and Foreign Economic Relations, Economic Research Institute, Far Eastern Branch, Russian Academy of Sciences
Affiliation: Economic Research Institute, Far Eastern Branch, Russian Academy of Sciences
Address: Russian Federation, Khabarovsk

Journal name

Asia and Africa Today

Edition

Issue 10

Pages

5-14

Abstract

China is becoming the most important trading partner for Russia, especially in the face of sanctions against the Russian economy. The article shows that, based on the current conditions, in the near future, it is possible to change the flow of goods from China to Russia due to the increasing role of Chinese companies at the regional level and border provinces, as well as the expansion of overland transport routes and the reduction of tariff barriers. In turn, the import of goods from Russia to China will be determined by the expansion of deliveries of Russian goods, the increasing of Chinese investments in joint projects on Russian territory, and an increase in the share of settlements in national currencies. One of the ways to increase Russian supplies to China is the active penetration of Russian firms into the markets of Chinese regions. The possibility of Russian involvement in the process of trade and economic cooperation with China can be linked to the goals of developing the economy of the Russian Far East.

Keywords

China, Russia, pandemic, sanctions, integration, region, trade

Received

26.06.2023

Publication date

22.11.2023

Number of characters

28586

Cite

GOST	Izotov D. Trade Interactions between China and Russia: Problems of Intensification // Asia and Africa Today – 2023. – Issue 10 C. 5-14 [Electronic resource]. URL: https://asaf-today.ru/S032150750028103-5-1 (circulation date: 17.01.2025). DOI: 10.31857/S032150750028103-5
MLA	Izotov, Dmitry "Trade Interactions between China and Russia: Problems of Intensification." Asia and Africa Today 10 (2023):5-14. DOI: 10.31857/S032150750028103-5
APA	Izotov D. (2023). Trade Interactions between China and Russia: Problems of Intensification. Asia and Africa Today (10), pp.5-14 DOI: 10.31857/S032150750028103-5

100 rub.

When subscribing to an article or issue, the user can download PDF, evaluate the publication or contact the author. Need to register.

Number of purchasers: 0, views: 302

Readers community rating: votes 0

1. To the Great Ocean: a chronicle of the turn to the East. Collection of reports of the Valdai Club. Moscow: Fund for Development and Support of the Valdai International Discussion Club, 2019. 352 p. (In Russ.)

2. Karaganov S.A., Makarov I.A. 2015. Turn to the East: results and tasks. Journal of the Siberian Federal University. Series: Humanities. № 5. Pp. 6–10. (In Russ.)

3. Korolev A. Russia’s Reorientation to Asia: Causes and Strategic Implications. Pacific Affairs. 2016. Vol. 89. Issue 1. Pp. 53–73.

4. Sng T.H., Chia P.Z., Feng C.-C., Wang Y.-C. Are China’s provincial boundaries misaligned? Applied Geography. 2018. Vol. 98. Pp. 52–65. DOI: 10.1016/j.apgeog.2018.07.009.

5. Wang W., Fan L.W., Zhou P. Evolution of global fossil fuel trade dependencies. Energy. 2022. Vol. 238, 121924. DOI: 10.1016/j.energy.2021.121924/.

6. Mandrykina I. 2019. “To the East with Love”: Gazprom launches Power of Siberia, Transneft expands ESPO. Energy Policy. Issue 4. Pp .66–77. (In Russ.)

7. Cheong S., Lee J., Cho S. Oil Tanker Owners Show Signs of Shunning Russia’s Asian Crude. Bloomberg. 15.12.2022. https://bloomberg.com/news/articles/2022-12-15/russia-s-asian-oil-flows-show-signs-of-wobbling-after-sanctions?sref=87YKYqA9 (accessed 01.06.2023)

8. Babina T., Hilgenstock B., Itskhoki O., Mironov M., Ribakova E. Assessing the Impact of International Sanctions on Russian Oil Exports (February 23, 2023). DOI: 10.2139/ssrn.4366337 (accessed 01.06.2023)

9. Vakulenko S. The Cap of Smoke and Mirrors. 20 January 2023. On Energy, Cabbages and Kings. https://svakulenko. substack.com/p/the-cap-of-smoke-and-mirrors?fbclid=IwAR3oHn3BAtHEySDR9119jgKrS4oWq 2gCQNLb9cIHjm meZ2afoY7O-_t9F4k (accessed 01.06.2023)

10. Li Y., Zhang P., Lo K., Tan J., Yang Q. Borderland Economic Resilience under COVID-19: Evidence from China-Russia Border Regions. International Journal of Environmental Research and Public Health. 2022. Vol. 19, 13042. DOI: 10.3390/ijerph192013042.

11. Vardomsky L.B. 2023. Russian-Chinese economic links in the context of growing international tensions. Journal of the New Economic Association. Issue 1. Pp. 142–148. (In Russ.). DOI: 10.31737/22212264_2023_1_142.

12. Melchior A. Russia in world trade: Between globalism and regionalism. Russian Journal of Economics. 2019. Vol. 5. Pp. 354–384. DOI: 10.32609/j.ruje.5.49345.

13. Eastern vector of Russia’s energy strategy: the current state of view into the future. Ed. by N.I. Voropay, B.G. Saneeva. Novosibirsk: Geo, 2011. 368 p. (In Russ.)

14. Nölke A. Geoeconomic Infrastructures: Building Chinese-Russian alternatives to SWIFT. Capital Claims: Power and Global Finance. Routledge, 2022. https://www.taylorfrancis.com/chapters/edit/10.4324/9781003218487-10/geoeconomic-infrastructures-andreas-n%C3%B6lke (accessed 01.06.2023)