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How does China fare on the Russian market? Implications for the European Union

Author

Listed:
  • Alicia Garcia-Herrero

    (Bruegel, Brussels, Belgium
    Hong Kong University of Science and Technology, Hong Kong, China)

  • Jianwei Xu

    (Bruegel, Brussels, Belgium)

Abstract

This paper reviews China's growing economic ties with Russia. We conclude that such ties have strengthened in terms of trade and cross border lending, but less in terms of Chinese foreign direct investment in, or portfolio flows to, Russia. Meanwhile, Europe remains Russia's largest trading partner, lender and investor. In relation to trade, China seems to have become more of a competitor for the EU on Russia's market when we appraise China's increasing export share and the increasing value added of its exports and previous empirical analysis at the product level. Increasing competition between European and Chinese exports should not be surprising as there is ample evidence that China has been moving fast up the technology ladder during the past few decades. Competition over investment and lending is more limited but the situation could change rapidly with China and Russia giving clear signs of a stronger-than-ever strategic partnership.

Suggested Citation

  • Alicia Garcia-Herrero & Jianwei Xu, 2019. "How does China fare on the Russian market? Implications for the European Union," Russian Journal of Economics, ARPHA Platform, vol. 5(4), pages 385-399, December.
    • Handle: RePEc:arh:jrujec:v:5:y:2019:i:4:p:385-399
    DOI: 10.32609/j.ruje.5.49346
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    Cited by:

    1. Shahin Vaqif Bayramov & Viktoriya Kookueva & Alexander Kolobov & Liudmila Tsvetkova, 2023. "Innovative Business Models in the Context of Organizational Culture Transformation in the COVID-19 Pandemic," Public Organization Review, Springer, vol. 23(1), pages 365-387, March.
    2. Tapia, Pablo & Pastén, Boris & Sepulveda Velasquez, Jorge, 2022. "Performance of the Chinese energy market in times of Russian military interventions," MPRA Paper 112747, University Library of Munich, Germany.

    More about this item

    Keywords

    trade; investment; cross-border lending; Russia; China; European Union;
    All these keywords.

    JEL classification:

    • F10 - International Economics - - Trade - - - General
    • F21 - International Economics - - International Factor Movements and International Business - - - International Investment; Long-Term Capital Movements
    • F50 - International Economics - - International Relations, National Security, and International Political Economy - - - General

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