Russian-Chinese economic links in the context of growing international tensions

L. Vardomsky
Additional contact information
L. Vardomsky: Institute of Economics RAS, Moscow, Russia

Journal of the New Economic Association, 2023, vol. 58, issue 1, 142-148

Abstract: Economic ties between Russia and China have been growing rapidly since the early 2000s. They are becoming an increasingly significant element of international political and economic relations. The high dynamics of mutual relations is due to the combined action of economic, geopolitical and infrastructural factors. Mutual ties reduce the geopolitical risks of the development of national economies and ensure their stability in the face of growing pressure from the West. For Russia, the achievement of large-scale relations with China was a reflection of the departure from the traditional orientation towards Europe. The economies of the PRC and the Russian Federation structurally complement each other. After the implementation of large infrastructure projects, the Russian Federation has managed to use the factor of neighborhood with China more effectively in present context, while the countries border each other with less developed territories. The growth of mutual cooperation affects the formation of specialization and connections of the Russian regions. The shift of the Russian economy to the eastern regions will accelerate due to the development of transport and logistics functions, which will also entail a variety of production functions. The further development of mutual economic relations is determined by the nature of the dynamics of international relations and the level of coordination of the development of national economies.

Keywords: China; Russia; trade; complementarity of economies; political interaction; infrastructure; geopolitics; economic sanctions (search for similar items in EconPapers)
JEL-codes: F14 F51 F52 L98 (search for similar items in EconPapers)
Date: 2023
References: View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.econorus.org/repec/journl/2023-58-142-148r.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:nea:journl:y:2023:i:58:p:142-148

DOI: 10.31737/22212264_2023_1_142

Access Statistics for this article

Journal of the New Economic Association is currently edited by Victor Polterovich and Aleksandr Rubinshtein

More articles in Journal of the New Economic Association from New Economic Association Contact information at EDIRC.
Bibliographic data for series maintained by Alexey Tcharykov ().