China’s foreign policy trends towards Russia, late 20th - early 21st century (economic aspects)

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Md. Sayedur Rahman
Shakila -Tul- Kubra

Abstract

Effective foreign policy in economic development is very important in the ever-competitive global arena. It’s doubly significant when it is a question of Chinese foreign policy towards Russia or vice-versa to multi-polarizing economic spheres as well as confronts the western arbitrariness and dominance in the area. Both nations have apprehended the necessity and share a mutual interest in the development of trade and economic sectors. For this reason, bilateral and multilateral trade deals and a free economic zone agreement between states are very common trends worldwide. Asia's two global powers, China and Russia, are not lagging behind in trade. They are pursuing numerous policies to boost international ties and bring socio-economic and political growth to the forefront in recent decades. This study aims to examine and analyze the problems and potential to promote bilateral economic relations between China and Russia. This study focuses on essentially secondary sources, including scholarly publications, scholarly articles, research papers, books, and other relevant sources pertaining to the subject. The study is qualitative but the quantitative method is also used. The study raises mutual interests and gives recommendations for the improvement of economic ties, the growth of military relations, trade relations, the development of regional cooperation, the promotion of advantageous bilateral cooperation, joint work, the strengthening of relations with international organizations, and the successful enhancement of bilateral ties between China and Russia.

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