CURRENT STATE AND PROSPECTS OF DEVELOPMENT OF TRADE COOPERATION BETWEEN RUSSIA AND CHINA
The relevance of the study of the state and ways of development of trade cooperation between Russia and China lies in the fact that China is not only the leading strategic partner of the Russian Federation, but also the largest world economy. After Western countries imposed sanctions on our country, Russia was forced to react and look for new guidelines for the development of political and economic spheres. The development of trade cooperation with China is also important for our country because these relations are based on the global interests of both countries in different areas of production. The growing Chinese industry is increasingly in need of energy raw materials, which it is able to provide the Russian side. At the same time, Chinese finished products are in demand on the domestic market. The development of trade and economic relations with China is an important step towards achieving regional stability, as the PRC is a strategic partner of our country not only in economic but also in political terms. China, like Russia, is a supporter of the concept of a multipolar world, critically assessing the actions of Western countries in the middle East and has a firm position in the trade wars with the United States that began after Donald Trump came to power. The development of trade cooperation with China provides an opportunity for domestic entrepreneurs to increase financial productivity, implement programs to modernize fixed assets and move to intensive economic growth. This article analyzes the current state of trade cooperation between Russia and China. Based on the analysis, the prospects for the development of trade cooperation between the countries were formulated.