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National Interests: Priorities and Security
 

Trends in the development of China's economy in the face of increased global instability

Vol. 12, Iss. 9, SEPTEMBER 2016

PDF  Article PDF Version

Received: 13 April 2016

Received in revised form: 26 May 2016

Accepted: 18 June 2016

Available online: 29 September 2016

Subject Heading: INTERNATIONAL ECONOMIC RELATIONS

JEL Classification: F02

Pages: 154-168

Malakhova T.S. Kuban State University, Krasnodar, Russian Federation
malakhovats@mail.ru

Malakhov V.S. Military Unit, Belogorsk, Amur Oblast, Russian Federation
mvsmvs@list.ru

Subject The paper studies the modern position of China in the global sphere and the interaction with the economy of Russia.
Objectives The paper aims to define strategic guidelines for the development of China's economy in the context of the global military and political instability, and assess the potential external risks for Russia under China's position strengthening in the Eurasian space.
Methods For the study, we used the methods of historical and logical, statistical and comparative analyses, and the scientific method of abstraction. This helped us identify the vector of economic and political development of China as a leader in the global space.
Results We offer two scenarios, pessimistic and optimistic ones, for interaction of China and Russia in the context of the Silk Road Economic Belt framework. It is expected that the implementation of this project will allow China to fully gain the leading position in the Euro-Asian region, and later, perhaps, throughout the world. For Russia, this scenario is unacceptable, therefore, it is impractical to fully support the project.
Conclusions As far as natural resources are concerned, Russia certainly attracts China. However, Russia is not considered a monopoly on any of interest to China minerals. This significantly affects the medium-and long-term prospects for the two countries' interaction.

Keywords: economy, China, sanctions, ASEAN countries, Russia's position

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