Summary of The China-Russia Trade Relationship and Its Impact on Europe

Bruegel,

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The China-Russia Trade Relationship and Its Impact on Europe summary
Improved trade relations between Russia and China carry implications for the European Union.

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8 Overall

9 Importance

8 Innovation

6 Style

Recommendation

Born of a thaw in relations between the two countries, the growing economic collaboration between China and Russia could bear meaningfully on the well-being of the European Union if that increased cooperation enables China to expand its export share to Russia. So says this study from economists Alicia Garcia Herrero and Jianwei Xu, who explain the origins of shifting geopolitical stances and offer an intriguing look at the implications. getAbstract recommends this stylistically dense but relevant report to policy makers and economists for the depth of its analysis and the cogency of its arguments.

In this summary, you will learn

  • Why trade relations between Russia and China have improved;
  • How exports from Russia, China and the European Union compete and complement one another; and
  • How China’s ascent in global trade could affect the EU’s trade relationship with Russia.
 

Summary

A stronger trade relationship between Russia and China could negatively affect European Union exports to Russia. Several trends have converged to create this situation. Russia has experienced an economic malaise from plummeting oil prices as well as Western sanctions resulting from its 2014 annexation...
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About the Authors

Alicia Garcia Herrero and Jianwei Xu are senior and visiting fellows, respectively, at Bruegel.


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