Abstract
Purpose: The purpose of the article is to determine the current influence of mutual foreign trade of Russia and China on provision of their global competitiveness and to develop recommendations for optimizing the cooperation between these countries on the basis of development of international regional integration and technological exchange in the interests of their accelerated transition to Industry 4.0 and maximization of contribution of foreign economic activities in provision of public well-being. Methodology: The author uses the methods of structural & functional and regression analysis. These methods allow determining the role of mutual trade of Russia and China in provision of their global competitiveness. Also, a method of modeling of economic processes is use for developing a concept of development of international cooperation of Russia and China. Results: It is determined that as of now Russia and China conduct active mutual trade. China is one of the key foreign economic partners of Russia, accounting for 25% of Russia’s export and 20% of import. Cooperation of these countries is a significant factor of provision of their global competitiveness. Recommendations: An author’s concept is developed for increasing the effectiveness of this cooperation. The advantages of regional integration and technological exchange of Russia and China on the basis of digital modernization and transition to Industry 4.0 for supporting their global competitiveness include joint conduct and distribution of risks of R&D (with a possibility of using the mechanism of public-private partnership), joint entering the world markets with unification of reputational capital, and well-balanced development of regional economy of Russia and China.
This is a preview of subscription content, log in via an institution to check access.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
References
Bogoviz, A.V.: Industry 4.0 as a new vector of growth and development of knowledge economy. Stud. Syst. Decis. Control 169(1), 85–91 (2019)
Bogoviz, A.V., Osipov, V.S., Chistyakova, M.K., Borisov, M.Y.: Comparative analysis of formation of industry 4.0 in developed and developing countries. Stud. Syst. Decis. Control 169(1), 155–164 (2019)
Cicenia, A.: China’s digital economy: the shape of things to come. China Bus. Rev. 2(1), 39–46 (2018)
International Trade Centre: Trade map: trade statistics for international business development. https://www.trademap.org/ (2018). Accessed 01 Sept 2018
Jepsen, M., Drahokoupil, J.: The digital economy and its implications for labour. 2. The consequences of digitalisation for the labour market. Transfer 23(3), 249–252 (2017)
Popkova, E.G., Sukhodolov, Y.A.: Perspectives of acceleration of the rates of economic growth of Russia in the context of foreign trade cooperation with China. In: Foreign Trade as a Factor of Economic Growth. Contributions to Economics, pp. 75–113. Springer, Cham (2017). https://doi.org/10.1007/978-3-319-45985-1_5
Popkova, E.G.: Economic and legal foundations of modern russian society: a new institutional theory. In: Advances in Research on Russian Business and Management. Information Age Publishing, Charlotte (2017)
Popkova, E.G.: Preconditions of formation and development of industry 4.0 in the conditions of knowledge economy. Stud. Syst. Decis. Control 169, 65–72 (2019)
Popkova, E.G., Sergi, B.S.: Will Industry 4.0 and Other Innovations Impact Russia’s Development? Exploring the Future of Russia’s Economy and Markets, pp. 34–42. Emerald Publishing (2019)
Popkova, E.G., Zhuravleva, I.A., Abramov, S.A., Fetisova, O.V., Popova, E.V.: Digitization of taxes as a top-priority direction of optimizing the taxation system in modern Russia. In: Studies in Systems, Decision and Control, vol. 182, pp. 169–175 (2019)
Sukhodolov, A.P., Popkova, E.G., Litvinova, T.N.: Models of Modern Information Economy: Conceptual Contradictions and Practical Examples, pp. 1–38. Emerald Publishing Limited, Bingley (2018)
Sukhodolov, A.P., Popkova, E.G., Kuzlaeva, I.M.: Internet Economy vs Classic Economy: Struggle of Contradictions, 75 p. Springer (2017)
World Economic Forum: The Global Competitiveness Report 2017–2018. http://www3.weforum.org/docs/GCR2017-2018/05FullReport/TheGlobalCompetitivenessReport2017–2018.pdf (2018). Accessed 01 Sept 2018
Zhao, J., Tang, J.: Industrial structure change and economic growth: a China-Russia comparison. China Econ. Rev. 47, 219–233 (2018)
Gelbras, V.G.: Russia and China in the conditions of global crisis. World Econ. Int. Relat. 11, 63–71 (2011)
Izmestyev, A.A.: Formation of clusters in view of regularities of regional development. Bull. Irkutsk State Acad. Econ. (Baikal State Univ. Econ. Law) 4(60), 61–66 (2009)
Luzyanin, S.G.: Russia – China: Formation of a New World, p. 327. Ves Mir, Moscow (2018)
Makarenko, T.D., Ulkina, E.S.: Trans-regional economic integration, 148 p. BGUEP Publishing, Irkutsk (2011)
Ostrovsky, A.V.: Developing Russia-China Trade. The Modern Russia-China Relations. Russian Academy of Sciences, pp. 66–81. Institute of the Far East of the Russian Academy of Sciences, Moscow (2017)
Sukhodolov, A.P.: Chinese Eastern Railway: experience of Russia and China for joint implementation of large-scale projects. Bull. Irkutsk State Acad. Econ. 3(95), 72–77 (2014)
Sukhodolov, A.P.: Directions of foreign trade cooperation of the RF and the PRC. In: Development of Cooperation of Trans-border Regions of Russia and China: Materials of the International Scientific Conference, Manchuria, 24–25 September 2013, pp. 31–46. BGUEP Publishing, Irkutsk (2014)
Titarenko, M.L., Petrovsky, V.E.: Russia, China, and the New World Order. Theory and Practice, 304 p. Ves Mir, Moscow (2016)
Author information
Authors and Affiliations
Corresponding author
Editor information
Editors and Affiliations
Rights and permissions
Copyright information
© 2020 Springer Nature Switzerland AG
About this chapter
Cite this chapter
Sukhodolov, Y.A. (2020). Cooperation of Russia and China: International Regional Integration and Technological Exchange in the Interests of Supporting Global Competitiveness. In: Popkova, E. (eds) Growth Poles of the Global Economy: Emergence, Changes and Future Perspectives. Lecture Notes in Networks and Systems, vol 73. Springer, Cham. https://doi.org/10.1007/978-3-030-15160-7_16
Download citation
DOI: https://doi.org/10.1007/978-3-030-15160-7_16
Published:
Publisher Name: Springer, Cham
Print ISBN: 978-3-030-15159-1
Online ISBN: 978-3-030-15160-7
eBook Packages: Intelligent Technologies and RoboticsIntelligent Technologies and Robotics (R0)