Сетевое издание

Международный студенческий научный вестник

ISSN 2409-529X

The current situation on the world stage is a challenge to Russia, a challenge which requires not only an understanding and analysis, but also a new quality of decisions. Sanctions by the US and European leaders against Russia made it necessary to choose a new vector of development - accelerated transformation of the economic model, focused on external growth factors, to the model focused on domestic sources of growth. The necessary prerequisites for a reform have been created: they are a realistic reflection of conditions in all spheres of society, rational resource assessment, preliminary calculation of the possible consequences, and dissemination of information to all walks of life [1]. Opposition to the US and the EU has led to a significant intensification of bilateral relations between Russia and China, rich in natural resources Eurasian nation and the most populous country in the world. Apparently, this process is mutually beneficial as China ranks first in the list of foreign trade partners of Russia in the Asia-Pacific region. Moreover, foreign trade relations between Russia and China are becoming more complex and multilateral [2]. In our view, there are three areas of cooperation on which countries should focus all their attention in the near future. First of all, business needs large-scale joint projects in various fields: energy, infrastructure, automotive, aviation, etc. Secondly, it is necessary to harmonize banking transactions in their national currencies and to exclude dollar from the calculations structure of Russian-Chinese trade. Thirdly, it is necessary to restore Russian agriculture which is quite capable of becoming an alternative to raw material economy. The development of investment relations has much to offer to both economies, and this should be an investment not only in the economy but also in human capital (education, health care, social protection and employment) [3]. The fact that China and Russia traditionally hold similar political positions as the alternative approaches proposed by the world Western civilization contributes to the positive development of allied relations, not to mention the mentalities of the population of China and Russia which are rather similar.