Trading, investment, scientific and technological cooperation between the Republic of China and the Republic of Belarus in the context of implementation of the One Belt, One Road foreign economic strategy

  • Galina N. Gavrilko Belarusian State University, Niezaliežnasci Avenue, 4, 220030, Minsk, Belarus
  • Dariya A. Dashkevich Belarusian State University, Niezaliežnasci Avenue, 4, 220030, Minsk, Belarus
  • Qi Peiyu Belarusian State University, Niezaliežnasci Avenue, 4, 220030, Minsk, Belarus

Abstract

This article provides insight into the dynamics and commodity pattern of the Chinese-Belarusian bilateral trade, the current state and prospects for the investment, scientif ic and technological cooperation between the two countries for the purposes of implementation of the One Belt, One Road foreign economic strategy. With the advancement and f inancial support of the project, the Chinese-Russian bilateral balance of economic relations will be shifting in favour of China. Russia will act as a «subordinate partner»; its global economic and f inancial interests will be represented less than Chinese in the global economy.

Author Biographies

Galina N. Gavrilko, Belarusian State University, Niezaliežnasci Avenue, 4, 220030, Minsk, Belarus

PhD (economics), docent; associate professor at the department of international economic relations, faculty of international relations

Dariya A. Dashkevich, Belarusian State University, Niezaliežnasci Avenue, 4, 220030, Minsk, Belarus

student at the faculty of international relations

Qi Peiyu, Belarusian State University, Niezaliežnasci Avenue, 4, 220030, Minsk, Belarus

student at the faculty of international relations

References

  1. Rudy KV. Belarus – China: Channels of Investment Cooperation. Belarusian Economic Journal. 2016;2:15–30. Russian.
  2. Ross A. The Industries of the Future. [New York]: Simon &Schuster; 2016. 320 p.
  3. Foreign trade of the Republic of Belarus [Internet] [cited 2018 May 14]. Available from: http://www.belstat.gov.by/of itsialnaya-statistika/makroekonomika-i-okruzhayushchaya-sreda/vneshnyaya-torgovlya_2/operativnye-dannye_5/eksport-import-s-otdelnymi-stranami/. Russian.
  4. National Statistical Committee of the Republic of Belarus. Foreign Trade of the Republic of Belarus [statistics digest]. Minsk: Data-Processing Center of the National Statistical Committee of the Republic of Belarus; 2017. 396 p. Russian.
  5. Presnyakova EV. Chinese investments and their importance for the development of the economy of the Republic of Belarus. In: Institute of Economics of the National Academy of Sciences. Problemy sopryazheniya Ekonomicheskogo poyasa Shelkovogo puti i Evraziiskogo Ekonomicheskogo Soyuza. Vtoroi belorussko­kitaiskii nauchnyi forum; 15–17 iyunya 2017 g.; Minsk, Belarus’ [Conjugation problems of the Economic Belt of the Silk Road and the Eurasian Economic Union. 2nd Belarusian-Chinese Scientif ic Forum; 2017 June 15–17; Minsk, Belarus]. Minsk: Pravo i ekonomika; 2017. p. 168–176. Russian.
  6. Zhuravlev YuA. Foreign Economic Relations of the Republic of Belarus and the PRC. Proceedings of the National Academy of Sciences of Belarus. Humanities. 2015;1:101–107. Russian.
  7. China Economic Review [Internet] [cited 2018 February 19]. Available from: http://www.ved.gov.ru/exportcountries/cn/about_ cn/eco_cn/. Russian.
  8. Jingcheng Fu. Cooperation between the Republic of Belarus and the People’s Republic of China as a catalyst for the civiliza tional processes dynamics. Trudy PolesGU [Proceedings of Polesye State University]. 2017;3:127–129. Russian.
Published
2019-02-09
Keywords: foreign economic strategy, foreign trade cooperation, investment cooperation, scientif ic and technological cooperation, gravity model of bilateral trade, foreign investment, direct investment, portfolio investment, technology transfer, innovation-driven development
How to Cite
Gavrilko, G. N., Dashkevich, D. A., & Peiyu, Q. (2019). Trading, investment, scientific and technological cooperation between the Republic of China and the Republic of Belarus in the context of implementation of the One Belt, One Road foreign economic strategy. Journal of the Belarusian State University. Economics, 2, 42-50. Retrieved from https://journals.bsu.by/index.php/economy/article/view/2253