Browsing by Subject "economic relations"

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  • Simola, Heli (2016)
    BOFIT Policy Brief 6/2016
    The economic cooperation between Russia and China has increased notably during past couple of decades, although from a very low level. Despite the increase, economic dependency between countries remains relatively low and it is rather a one-sided dependency of Russia from China than a deeper inter-dependency. The economic relations have largely been characterized by traditional trade based on comparative advantage, whereas investment flows between countries have been relatively small. Since Russia’s relations with the western countries have deteriorated, it has aimed at closer ties with China. The high-level relations are probably better than ever, but in practice the development has been more modest. Economic cooperation between Russia and China is likely to continue increasing gradually, but there are many challenges for deepening the relations and raising mutual inter-dependency.
  • Nuutilainen, Riikka; Rautava, Jouko (2020)
    BOFIT Policy Brief 2/2020
    This paper examines the development of economic relations between Russia and China in recent years, focusing on how the slowdown in China’s growth and changes in its economic structures might impact Russia’s economic outlook and the future of China-Russia economic relations. Economic relations between the countries have progressed favorably over the past decade with increased trade and Russian oil exports to China buoying Russian economic growth. While this trade cooperation has served both countries’ interests, it has also reinforced Russia’s dependence on commodity exports. Like the rest of the world, Russia has to deal with China’s slowing economic growth. Those repercussions, however, are particularly challenging in Russia’s case.