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The Influence of Russian National Economic Security on Sino-Russia Economic and Trade Cooperation

LIU Wei1,2,GAO Zhi-gang2   

  1. (1.Research Institute of Silk Road Economy and Management, Xinjiang University of Finance and Economics,Urumqi 830012, China;2.School of Economics, Xinjiang University of Finance and Economics, Urumqi 830012, China)
  • Received:2019-08-08 Online:2020-01-10

Abstract: Since the 20th century, Russia has experienced the impact of external factors such as the Ukrainian crisis, western economic sanctions and the fall of international oil prices, and its economic security has been seriously threatened.In this context, Russia′s political and economic strategy is bound to affect the economic and trade cooperation between China and Russia, and then affect the construction of the Silk Road Economic Belt.Based on the econometric model, this paper analyzes the influence process and related factors of Russian national economic security on Sino-Russia economic and trade cooperation from the aspects of trade cooperation and foreign direct investment cooperation.The research shows that Russia′s national economic security crisis has promoted China′s position in Russia′s trade partner countries, and promoted Russia′s strong willingness to cooperate with China in production capacity,as well as direct investment and production capacity cooperation have gradually become a strong driving force for the in-depth development of Sino-Russia economic and trade cooperation;Russia′s national economic security crisis has a significant negative impact on Sino-Russia trade, and China-Russia political relations have a significant positive impact on trade cooperation.This is an opportunity period to increase China′s investment in Russia and increase the proportion of high-tech products imported into Russia. It is also an important opportunity period to promote the Silk Road Economic Belt. Russia, with its strong economic rise and the overall collapse of its economic system, has an important impact on the promotion of the Silk Road Economic Belt. In the process of its strategic partnership of cooperation, it is crucial for China to properly balance the interests of major countries.

Key words: Russia, national economic security, Sino-Russia economic and trade cooperation