Analysis of Areas of Financial and Economic Cooperation Between China and Russia

Abstract

The article reveals the relevance of the problem of studying the possible areas of financial and economic cooperation of such large countries as China and Russia, as well as the role of developed and developing countries, in the face of a decline in world trade growth and increased global competition. The study uses statistical, cluster and factor analysis of economic growth and financial solvency of China and Russia based on an assessment of the dynamics of the main indicators. As a result of the analysis of the dynamics of economic growth, the following areas of cooperation between China and Russia are identified: "GDP per capital, PPP (current international $)" and" Gross capital formation (current US$)", due to the increase in hydrocarbon exports and equipment purchases. The results of the analysis of the proximity matrix of indicators of financial solvency of China and Russia revealed the following priorities: China-"Inflation, GDP deflator (annual %)" and "Gross capital formation (% of GDP)"; Russia-"Broad money growth (annual %)" and "Inflation, GDP deflator (annual). The General direction of international cooperation between China and Russia to ensure financial solvency is "Inflation, GDP deflator (annual %)".