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Finance and Management

Investment prospects of Russia in terms of economic cooperation with PRC

Stepanov Nikita Sergeevich

PhD in Economics

Senior Scientific Associate, Institute of Economics of the Russian Academy of Sciences

117218, Russia, g. Moscow, ul. Nakhimovskii Prospekt, 32, kab. 720

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Abstract: The subject of this research is the trends and peculiarities of investment cooperation between the Russian Federation and the People’s Republic of China. The object of this research is the economic cooperation of the two states. The relevance is substantiated by the fact that Russia-China economic cooperation is in priority among the politicians and researchers; due to its high importance for the two countries, it would expand gradually, but there are still multiple problems for deepening the relations and increasing complementarity. The foal of the article consists in examination of investment prospects of the Russian Federation in terms of economic cooperation with China, identification of the problems, and search of possible ways out of the situation. It is underlined that Russia-China economic relations are largely based on the traditional trade. Investments between the countries are limited, and joint projects lately remain incomplete. The author assumes that the significant internal modernizations are necessary in supply chains, which should be subsidized by Russia in order to retain sustainability of regional development. It is determined that there is strong potential for intensification of economic relations, fulfillment of which requires solution of multiple problems.

Keywords: modernization of the economy, energy cooperation, trade, bilateral projects, technologies, investments, Russia, China, institutional development, artificial intelligence
This article written in Russian. You can find full text of article in Russian here .

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