Abstract
This paper analyzes the current state and development of China’s direct investments in Russia amidst complex geopolitical situations, the COVID-19 pandemic, and the Sino-American trade war. It examines the challenges in Sino-Russian investment cooperation and offers strategic suggestions for enhancing bilateral economic collaboration in the new economic environment. The conclusion emphasizes that despite short-term difficulties due to Western sanctions, Russia’s import substitution strategy is apt for reducing import dependence. Given the high economic and resource complementarity between China and Russia, significant growth in Chinese direct investments in Russia is anticipated in the coming years.
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