Journal of Shanghai University (Social Science Edition)

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SinoRussian Economic and Trade Cooperation

  

  • Online:2018-07-15 Published:2018-07-15

Abstract:

 It is a doubtful judgment that the level of SinoRussian economic and trade cooperation is disproportionate to the bilateral relations and trade potential. There are many logical problems in the existing methods for calculating trade potential, thus the SinoRussian trade potential estimated accordingly cannot accurately reflect the basic national conditions of the two countries. Based on the characteristics of resource endowments, the stages of economic growth and the dependence of economic development on open trade, there are some ceiling restrictions in the economic and trade cooperation between the two countries. These restrictions include the total volume of bilateral trade, its share of foreign trade in each other, the structure of economic output and the difference in the strategies for foreign economic relations. They not only determine the current level of SinoRussian economic and trade cooperation, but also the growth space in the future.The problems accumulated in the Russia's economic development and the future direction of its economic policies should be regarded as the basis in judging the future growth space of SinoRussian economic and trade cooperation. Large projects and energy cooperation, investment cooperation, financial cooperation and trade cooperation in intermediate products will be the major areas of future SinoRussian economic and trade cooperation and important directions for policy cooperation as well.