The Analysis of Russian Industrial Situation and Strategic Direction of Sino- Russian Cooperation

Abstract

Since 2020, Russia had implemented an active import substitution policy in the industrial sector, and industrial development had gradually shown a recovery in the process of anti-crisis. In 2021, the instability of Russia’s industrial development would increase due to factors such as the international COVID-19 epidemic. In order to achieve stable industrial growth and reduce the impact of uncertain factors, Russia had taken various measures, including financial support, to create favorable conditions for industrial development. In the new situations of military conflict and stalemate between Russia and Ukraine. It can be predicted that China on one hand will adheres to a neutral stance and advocates promoting negotiations through peace, actively developing normal international economic and trade relations. On the other hand, fully leverages the advantages of China and Russia to accelerate industrial chain cooperation, cooperation in industrial parks, the transformation of energy cooperation, and the promotion of industrial high-tech cooperation with Russia, to promote industrial cooperation between China and Russia towards broader fields, higher levels, and higher levels in the future.