RUSSIAN-CHINESE INVESTMENT COOPERATION: CURRENT STATE AND PROSPECTS
L. V. NOVOSELOVA, Doctor of Economics, Institute of the Far East, Russian Academy of Sciences investment cooperation Keywords:, Chinese investment in Russia, Russian investment in China Russia and China are making considerable efforts to form and develop strategic partnership relations. This primarily applies to economic cooperation, which is an objective long-term basis for any solid and positive international interaction. China has managed to extract significant benefits from joining the WTO (2001) and, functioning as a kind of" world factory", has significantly strengthened its position in the world market. Currently, consuming 10% of the world's total oil production, China is the second largest energy consumer in the world after the United States. The Chinese economy processes over 35% of the world's steel production, 30% of coal production, 55% of cement production, etc. 1 For its part, having the world's largest mineral resources, Russia has high hopes for the construction of powerful trunk pipelines to transport Russian hydrocarbons to the Chinese oil and gas market. First of all, it is the Eastern Siberia - Pacific Ocean (ESPO) oil pipeline, which started operating at the end of 2010, with a branch line from Skovorodino in Russia to Daqing in China. The total length of the ESPO is 4,700 km, and the design capacity is 80 million tons of oil per year (including 30 million tons of branch oil to China). Gazprom's large-scale and promising project to build gas pipelines from Eastern Siberia and the Russian Far East to China with a total capacity of 68 billion cubic meters should also be mentioned. m3 of gas. Of course, the implementation of the existing potential in this area will provide the fuel and energy complex of our country with a stable and capacious sales market, and with it-a reliable source of petrodollars, so necessary for the modernization and development of the Russian economy. At the same time, it is also obvious that the infrastructure linking of ... Read more
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Full version: https://elibrary.org.uk/m/articles/view/RUSSIAN-CHINESE-INVESTMENT-COOPERATION-CURRENT-STATE-AND-PROSPECTS
India Online · 186 days ago 0 141
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Delhi, India
09.10.2023 (186 days ago)
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