The Scope of Economic Cooperation between Russia and China and Future Prospects

Abstract

Since the beginning of the twenty-first century, economic cooperation between Russia and China, especially in terms of bilateral trade, has grown rapidly. In 2009, China became the top trade partner of Russia. The structure of commercial links between these two countries is characterized by the expansion of Russian hydrocarbon sales, on the one hand, and pronounced growth in Chinese exports of manufactured products, on the other. Investment cooperation between the two nations is of little relevance. Among the challenges facing Russia is the need to diversify its exports to China, as well as intensify ties in tourism, transportation and innovations.