Diagnosis and Assessment of the Stability of Foreign Trade Relations Between China and Russia

Abstract

Over the past decade, foreign economic relations between China and Russia have been developing steadily and steadily, and, starting from 2014, they have reached a qualitatively new level. Cooperation between China and Russia is in the nature of a strategic partnership, which is reflected in the expansion of trade turnover, investment flows, and the strengthening of interregional and border ties. Undoubtedly, it has an impact on the ongoing structural shifts in the world economy, the alignment of foreign policy forces. Sino-Russian cooperation is based on common interests, specific features and principles of complementarity of economic complexes. The foreign economic cooperation of countries involves a wide range of forms in which foreign trade relations has a fundamental position, since, first of all, on their basis, significant results can be achieved in the geographic and sectoral transformation of Russia’s export structure. In this regard, the analysis of foreign trade flows between China and Russia and the assessment of their stability are of particular relevance. This analysis will reveal the current situation in bilateral trade relations within the framework of a new stage (fully since 2015), and also identify «bottlenecks» and potential points of growth. The research analyzed the positions of China and Russia in foreign trade flows by commodity groups, assessed the stability of the trend and the speed of foreign trade flows, based on which the magnitude and intensity of signals about crisis phenomena were estimated, and the development zones of foreign trade flows were determined.