Abstract
This article examines Russo-Chinese investment cooperation in China’s Belt and Road Initiative (originally the Silk Road Economic Belt). At the same time, it also studies bilateral agreements, as well as investment and mechanisms. Another focus is the impact of the BRI in Central Asian countries on Russian interests in the region. Research is based on an analysis of the history of joint Russian and Chinese initiatives for economic development to determine the feasibility of cooperation in the BRI. Meanwhile, the authors discuss the BRI’s impact on the economic and foreign policy of the two partners, as well as the risks and opportunities for Russia. The article is based on content and statistical analysis combined with a historical approach. It concludes that Russia and China are actively developing investment cooperation in the framework of the BRI, including the Silk Road Fund. The principal elements of the partnership involve the economy and processing and transporting energy resources. Its objective is to attain both regional economic stability as well as maximizing economic and political independence.
Highlights
The Silk Road was a network of trade routes, formally established during the Han Dynasty
Connecting China more directly with European and wealthy Persian Gulf consumer markets would vastly reduce transport times and cost, breathing life into higher-end technology manufacturing developing up and down the East Coast, Pearl River Delta, and increasingly inland. This improved ability to get high-tech and finer products to market would drive up employment demand for their creators – i.e. the engineers, designers, financiers, and everyone in between involved in China’s burgeoning innovation economy
The main conclusions we have revealed proceed from both political and economic principles
Summary
The Silk Road was a network of trade routes, formally established during the Han Dynasty. Istoriya i sovremennost’ (Moscow: IDV RAN Publ., 2017), 27–37; S.G. Luzyanin, A.G. Larin, “Problema kitayskikh migrantov v Rossii v kontekste sopryazheniya ‘YEAES – Shelkovyy put’’,” in Kitay v mirovoy i regional’noy politike. Both China and Russia want to increase ties in the region and ensure markets for their exports in the Central Asian economies. The project aims to redirect the country’s domestic overcapacity and capital for regional infrastructure development to improve trade and relations with Asean, Central Asian and European countries. Loping up and down the East Coast, Pearl River Delta, and increasingly inland (with China’s Western Development strategy) This improved ability to get high-tech and finer products to market would drive up employment demand for their creators – i.e. the engineers, designers, financiers, and everyone in between involved in China’s burgeoning innovation economy. 9 “On the Formation and Significance of the Silk Road,” CNKI.NET, no. 1 (2017), http://kns.cnki.net/ KCMS/detail/detail.aspx?dbcode=CJFQ&dbname=CJFDLAST2018&filename=XWLL2017S1192&uid=WEEvREcwSlJHSldTTEYzVDhsN3d4K3BWZHE1M1RqQk5wUVdiSWlvaDVOcz0=$9A4hF_YAuvQ5obgVAqNKPCYcEjKensW4IQMovwHtwkF4VYPoHbKxJw!!&v=MjM3MjdTN0RoMVQzcVRyV00xRnJDVVJMT2ZZdVJvRnk3aFY3ekFQVHJIWXJHNEg5YXZybzVNWm9SOGVYMUx1eFk
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