Trade Interactions between China and Russia: Problems of Intensification

 
PIIS032150750028103-5-1
DOI10.31857/S032150750028103-5
Publication type Article
Status Published
Authors
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 nameAsia and Africa Today
EditionIssue 10
Pages5-14
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.

KeywordsChina, Russia, pandemic, sanctions, integration, region, trade
Received26.06.2023
Publication date22.11.2023
Number of characters28586
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