Transformation of China’s Development Model under Xi Jinping and its Implications for Russian Exports

Igor Makarov, Ilya Stepanov, Vasily Kashin

Research output: Contribution to journalArticlepeer-review

1 Scopus citations

Abstract

The article focuses on the main factors underlying the structural transformation of China’s economic model under Xi Jinping and its implications for Sino-Russian economic cooperation and Russian merchandise exports. Russian exports to China are analyzed in the context of major changes in the volume and structure of China's aggregate demand. The results show that the rebalancing of the Chinese economy would bring some risks to Russia in the short and medium terms through putting downward pressure on its exports of natural resources (except for natural gas). At the same time, it would open new opportunities for industries producing resource-intensive consumer goods and, therefore, gives Russia an opportunity for diversification of its economy in the longer term. In order to derive benefits from China’s transformation, Russia should shift the focus of its export policy from negotiating politically driven large projects toward more intensive promotion of consumer goods exports.

Original languageEnglish
Pages (from-to)633-654
Number of pages22
JournalAsian Politics and Policy
Volume10
Issue number4
DOIs
StatePublished - 1 Oct 2018
Externally publishedYes

Keywords

  • China
  • Chinese economic model
  • Russian exports
  • Sino-Russian trade
  • diversification

ASJC Scopus subject areas

  • Sociology and Political Science
  • Political Science and International Relations

Fingerprint

Dive into the research topics of 'Transformation of China’s Development Model under Xi Jinping and its Implications for Russian Exports'. Together they form a unique fingerprint.

Cite this