Russian-Chinese Cooperation in Banking Sphere: Current State and Prospects
Despite tense social, geopolitical and economic situation in the world including Coronavirus pandemic and stock market collapse, China and Russia continue economic cooperation in banking sphere. It is due to the implementation of large energy projects as well as Belt and Road Initiative. The relevance of the research is determined by the need to strengthen economic cooperation of Russia and China in banking sphere regardless of modern challenges. We carry out the analysis of activity of Chinese banks in Russia and their counterparts in China. We also reveal the prospects of Russian-Chinese cooperation in banking sphere. The results of the research are aimed at developing economic cooperation of Russia and China in banking sector.