Russian- Chinese economic links in the context of growing international tensions

Abstract

Economic ties between Russia and China have been growing rapidly since the early 2000s. They are becoming an increasingly significant element of international political and economic relations. The high dynamics of mutual relations is due to the combined action of economic, geopolitical and infrastructural factors. Mutual ties reduce the geopolitical risks of the development of national economies and ensure their stability in the face of growing pressure from the West. For Russia, the achievement of large-scale relations with China was a reflection of the departure from the traditional orientation towards Europe. The economies of the PRC and the Russian Federation structurally complement each other. After the implementation of large infrastructure projects, the Russian Federation has managed to use the factor of neighborhood with China more effectively in present context, while the countries border each other with less developed territories. The growth of mutual cooperation affects the formation of specialization and connections of the Russian regions. The shift of the Russian economy to the eastern regions will accelerate due to the development of transport and logistics functions, which will also entail a variety of production functions. The further development of mutual economic relations is determined by the nature of the dynamics of international relations and the level of coordination of the development of national economies.