Abstract
Trade and economic relations are the main basis for partnership and strategic cooperation between Russia and China. This paper examines the place of Russia and China in global trade. The main strategic priority in the development of trade and economic relations between Russia and China is indicated. The analysis of Russian-Chinese foreign trade turnover for the period from 2001 to 2018 is presented. The main product groups in Russian-Chinese foreign trade are analyzed and promising areas for further development are identified.
Highlights
Export development is determined by the country's foreign economic policy, which is focused on the implementation of the state's strategic goals and objectives in relations with other States and their integrated international organizations
In the current circumstances of the emerging threat to the global trade flow and the global economy as a whole, it is fundamentally important for Russia to correctly identify priorities in foreign trade with China in the most promising export directions as a source of economic growth [3; 4]
The development of Russia and China is characterized by the following features [5]: for Russia: the share in world exports in 2018 is 2.3%, and imports are 1.2%; in the period from 2001 to 2018, there is an increase in export volumes by 4 times, and foreign trade turnover by 4.8 times
Summary
Export development is determined by the country's foreign economic policy, which is focused on the implementation of the state's strategic goals and objectives in relations with other States and their integrated international organizations. In the current circumstances of the emerging threat to the global trade flow and the global economy as a whole, it is fundamentally important for Russia to correctly identify priorities in foreign trade with China in the most promising export directions as a source of economic growth [3; 4]. In this regard, the purpose of the work is to determine the trends and prospects for development in foreign trade between Russia and China.
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