A STUDY OF THE SINO-RUSSIAN PARTNERSHIP FROM THE PERSPECTIVE OF THE IMPACT OF BILATERAL TRADE ON ECONOMIC GROWTH

  • D.L. Minin Yaroslav-the-Wise Novgorod State University, Veliky Novgorod, Russia
  • Yu Xuchao Yaroslav-the-Wise Novgorod State University, Veliky Novgorod, Russia
DOI: https://doi.org/10.34680/BENEFICIUM.2025.2(55).69-76

Abstract

The article presents the results of a study of the dynamics of key indicators of bilateral trade between the People's Republic of China (PRC) and the Russian Federation (RF). Based on the general statistical indicators of imports and exports between the countries studied from 2013 to 2022, the interrelations within the framework of trade cooperation between China and Russia, as well as Russia's economic growth, are presented. In the process of studying statistical data, the authors used such research tools that, based on empirical experience, show more reliable results. In particular: the VAR model, impulse response, analysis of variance, and other methods for conducting empirical data analysis of Sino-Russian trade volume of imports and exports and Russian economic growth. Based on the results of the use of predictive models, the most appropriate ones were selected from the perspective of choosing optimal models for analyzing/predicting dynamic data series.  The results of the study show that Sino-Russian trade plays a role in contributing to the economic growth of the countries. In recent years, in the context of a dynamically changing global economic and financial sphere, there has been an active growth in trade and other financial interaction between countries. To implement the scenarios of progressive development of both countries, it is necessary to maintain the existing growth rates of cross-country trade cooperation aimed at developing key industries in China and Russia. With the introduction of economic and financial sanctions by unfriendly countries, the economies of the countries are reorienting. New ways and channels of international trade are being sought, as evidenced by the data from the time series under study; the key economic paradigm of cooperation between countries is changing, taking into account bilateral adaptation to emerging constraints. Deepening mutual cooperation will contribute to the active development of both countries.

Keywords: economic growth, foreign trade, sino-russian relations, strategic cooperation, VAR model

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About the Authors

Dmitry L. Minin – Cand. Sci. (Economics), Docent; Associate Professor, Yaroslav-the-Wise Novgorod State University, Veliky Novgorod, Russia. E-mail: Dmitryminin@mail.ru. SPIN РИНЦ 3158-7679. ORCID 0000-0002-1690-6646. ResearcherID N-3109-2018. Scopus Author ID 57211181101

Yu Xuchao – Graduate Student, Yaroslav-the-Wise Novgorod State University, Veliky Novgorod, Russia. E-mail: Yxc17269768126@gmail.com. ORCID 0009-0008-1382-6422

For citation: Minin D.L., Xuchao Yu A Study of the Sino-Russian Partnership from the Perspective of the Impact of Bilateral Trade on Economic Growth // Beneficium. 2025. Vol. 2(55). Pp. 69-76. DOI: 10.34680/BENEFICIUM.2025.2(55).69-76

Published
2025-06-25
Issue
No 2 (2025)
Section
TRANSFORMATION OF SOCIAL AND ECONOMIC SYSTEM