Abstract
The purpose of this study is to analyze the dynamics and structure of Chinese border trade in the context of current global challenges. Border trade is an important source of economic development for some Chinese regions, despite its small share in China’s foreign trade. The article identifies changes in Chinese border trade in the early 2020s: restrictions related to COVID-19 contributed to the development of other forms of trade; sanctions against Russia stimulated an increase in the share of border trade in favor of the EAEU countries. It is shown that the PRC’s border trade was constrained by direct supplies of goods, underdeveloped border infrastructure, the small scale of border markets, informal trade and the «frozen» border conflicts. The implementation by China of different models in the development of border trade has been revealed. An increase in the share of the Xinjiang Uygur Autonomous Region in the border trade of the PRC was discovered, which has become a trade hub between China and the EAEU countries. It is shown that in North-East China, the bulk of trade turnover with Russia was formed by direct supplies of goods, bypassing border trade, indicating stagnation in cross-border cooperation between countries in the Far Eastern territory
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.