Optimization of Trade Structure Between Russia and China Under the Initiative «One Belt and One Way»

Abstract

Russia is a very important partner in the Chinese development strategy «One Belt and One Way». Deepening of Russian-Chinese trade and economic cooperation meets the national interests and aspirations of Russia and China, playing a catalytic role in the development of bilateral relations and stabilizing the political and economic situation on the Eurasian continent and in the world. The development of Russian-Chinese trade relations have undergone many cooperative processes, and trade itself overtime has revealed its own pecularities, related to the time and political climate. Russia and China are the two largest economic powers in the world, and they have significant prospects and potential for cooperation. After China put forward the «One Belt and One Way» strategic development plan, the prospect of cooperation between the two countries has attracted an increasing attention. The article analyzes the history and current state of bileteral strategic trade relations. Some research opinions are put forward considering structural changes in the development process.