Contemporary Trends and Prospects for the Development of Russia and China as BRICS Members in the Field of Industrial Equipment Manufacturing

Galina V. Gavlovskaya and Anton D. Volkov

Chapter 19 in The Sustainable Development of the Entrepreneurial Economy in the Fifth Industrial Revolution, 2026, pp 219-228 from World Scientific Publishing Co. Pte. Ltd.

Abstract: This research aims to identify the main trends and prospects for the development of Russia and China as BRICS members in the field of industrial equipment manufacturing. During the research, the authors applied general scientific methods of analysis and synthesis, comparison, generalization, and statistical and descriptive methods. Examples of Russian–Chinese projects in industrial equipment manufacturing are rare, with most projects currently in the preparatory phase following the signing of relevant agreements or discussing future possibilities between the parties. Factors influencing the further development of bilateral industrial cooperation include a sufficiently established institutional framework, existing experience in cooperation in various industrial sectors (e.g., military industry, energy, and automotive manufacturing), and geographical prerequisites for bilateral interaction. The key challenges hindering more active Russian–Chinese cooperation in industrial equipment manufacturing are insufficient investments, the threat of secondary sanctions against China, administrative barriers, and logistical problems. The authors identified two key areas for developing cooperation between China and Russia in industrial equipment manufacturing: the development of industrial cooperation projects within Russia’s special economic zones and the strengthening of industrial cooperation within the framework of cross-border cooperation in the Far Eastern Federal District of the Russian Federation.

Keywords: Sustainable Development; Entrepreneurship; Innovation; Technology; Information Management; Organizational Behavior; Industrial Organization; Entrepreneurial Economy; Fifth Industrial Revolution; Cause-and-Effect Relationships; Fourth Industrial Revolution; Digital Technology; Industry 5.0; Operations Management; Operations Research; Supply Chain Management; Fintech; Cryptocurrency; Blockchain; Economics and Finance; Corporate Governance; Technological Environment; National Economy; State Management; Corporate Management; Agro-Industrial Complex 5.0; Fuel and Energy Complex 5.0; BRICS; EAEU; Central Asia; Social Responsibility; Digital Competitiveness; Digital Energy; Entrepreneurial Universities 5.0; Machine Learning; Cyber-Social System; Smart Company; Management of AI; Automatization; Decision-Making in Entrepreneurship; Big Data; Blockchain Finance; Robotisation Of Production; Applied Technological Solutions; Smart City; Local Entrepreneurial Economy; Modernisation; Institutes of Globalisation; E-Government; Innovative Economy; Knowledge Society; BRICS+ (search for similar items in EconPapers)
JEL-codes: L26 O33 Q01 (search for similar items in EconPapers)
Date: 2026
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