Putin's visit to China is intended to expand Russia's energy exports and establish more markets. "China Russia economic and trade relations are still far from commensurate with the international status of the two countries, the increasingly recognized strategic partnership between the two countries and the potential of bilateral economic and trade." Cheng Yijun, a researcher at the Russian Institute of Eastern Europe and Central Asia of the Chinese Academy of Social Sciences, said in an exclusive interview with economic information daily that although China Russia trade has made great achievements in recent years, with the trade volume soaring from US $9.3 billion in 2002 to US $56billion in 2008, the cooperation between the two countries is still very insufficient
the industry believes that during Putin's visit to China, Russia should see signs that it hopes to expand energy exports to Asia and establish a market for its own energy security
"the relatively small trade volume is one of the issues that China and Russia should review in terms of economic and trade cooperation." Wang lijiu, a researcher at the International Relations Research Institute of China Hyundai carbon fiber composite technology and equipment in the lightweight process of auto parts (Xue Jian, chief representative of KANGLONG Far East Beijing Representative Office), calculated that the trade volume between China and Russia is far lower than that between China and the United States and between China and Japan. The trade volume between China and Japan accounts for about 13% of China's total trade volume, while the trade volume between China and Russia accounts for only about 2%. In 2008, the trade volume between China and Russia was US $56billion, The trade volume between China and South Korea has exceeded US $100billion
in addition to expanding the scale of trade, both sides are also trying to improve the trade structure. In 2008, oil accounted for 56% of Russian exports, while metals and machinery accounted for 5% and 4.4% respectively. Russian Deputy Prime Minister Zhukov told the media a few days ago: "we cannot be satisfied. Unfortunately, the proportion of machinery and equipment in exports is too low." Zhukov said that Russia hopes to export commercial aircraft and nuclear power plant equipment to China in the future to stimulate machinery export trade
"Russia does not want to be an energy supplier in its trade with China. It hopes to export more large-scale Electromechanical, high-tech and household appliances." According to Cheng Yijun's analysis, China believes that the export commodities that Russia hopes to increase have a low position in international competition. Some of them can be produced by China itself, while others can be purchased from other countries with more advantages. In addition, in Russia's demand for trade with China, she also hopes to participate in China's large-scale infrastructure construction, such as nuclear power plants, but it is not easy to operate. Bagenov, vice president of the Russian Academy of foreign affairs, analyzed that China's "strong magnetic field" for sales growth requires Russia's oil to choose the materials and structures of universal machine fixtures, coal, natural gas, wood, as well as various aviation, aerospace and military technologies. China also does not shy away and hopes to expand the scale of energy cooperation. In addition to being hindered by the limitation of energy exploitation capacity, Russia's attitude towards the sale of energy is also "to be sold at a price"
"this economic crisis has hit Russia hard, so it has to start to look to the East, and the energy issue that has not been discussed for more than a decade has begun to loosen." Said meixinyu, an associate researcher at the Research Institute of the Ministry of Commerce. At the beginning of this year, a preliminary agreement was reached on the oil issue. It was also revealed that the meeting between the prime ministers of the two countries on the 13th will also sign further cooperation and agreement on natural gas. Russian Deputy Prime Minister Zhukov also agreed to restart the export of electricity to China a few days ago
the industry believes that during Putin's visit to China, Russia should see signs that it hopes to expand energy exports to Asia and establish an additional market for its own energy security. Russian business representative tsiprakov told: "Russia has always been thinking about leaving Asia and entering Europe. When the crisis came, we found that Europe didn't need us."
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