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: 22.05.2024). 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

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