ASSESS REALIZATION OF THE COMMODITY POTENTIAL OF IMPORT SUBSTITUTION OF OIL REFINING PRODUCTS, MINERAL NON-METALLIC PRODUCTS, METALLURGY PRODUCTS AND METAL WORKING IN THE ECONOMY OF THE RUSSIAN FEDERATION Part 2. Assessment of the possibilities of the People's Republic of China to realize the commodity potential of import substitution
In the context of the intensification of the struggle for leadership between the United States and China, the introduction of anti-Russian sanctions, the task of assessing the potential for import substitution of refined petroleum products, mineral non-metallic products, metallurgy and metalworking products in the economy of the Russian Federation becomes especially urgent for Russia. The article proposes an approach to assessing the prospects for expanding trade and economic ties between Russia and China based on statistical data, taking into account the introduction of anti-Russian sanctions. The proposed approach allows us to forecast the development of import substitution of refined petroleum products, mineral non-metallic products, metallurgy and metalworking products, as well as its impact on the economy of the Russian Federation. The results of the assessment of the prospects for expanding trade and economic ties between Russia and China in the context of relations between the countries of the "strategic triangle" Russia - China -USA can be used to assess the potential for import substitution of refined petroleum products, mineral non-metallic products, metallurgy and metalworking products in the economy of the Russian Federation and to substantiate recommendations to the leadership of our country. It is concluded that the People's Republic of China and other countries can realize the potential of import substitution of the studied types of products in the economy of the Russian Federation.