Abstract

The article analyzes the trends in trade and economic cooperation of the People’s Republic of China in the 14th Five-Year Plan (2021 – 2025). China is the world leader in foreign trade. In 2022, the volume of trade between China and Russia in dollar terms increased by 29.3% and reached $190.8 billion, including Russian exports to China of $114.2 billion (43.4% annual growth) and Chinese imports to Russia $76.1 billion (12.8% annual growth). An analysis of the possibilities of the People’s Republic of China to realize the potential of import substitution of all types of products in the economy of the Russian Federation in the future until 2030 suggests that Russian imports from China may increase up to 2025 to 80.82 billion dollars, and up to 2030 – up to 85, 08 billion dollars, which will ensure the implementation of the commodity potential of import substitution in the Russian economy by 84.79% and 89.26%, respectively. At the same time, the accumulated foreign direct investment from China may increase up to 20 billion dollars by 2025, and up to 30 billion dollars by 2030, which will ensure the realization of the investment potential of import substitution in the Russian economy by 12.12% and 18.18% respectively.

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