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The China-Russia Trade Relationship and Its Impact on Europe
Report

The China-Russia Trade Relationship and Its Impact on Europe

Alicia Garcia and Jianwei Xu
Bruegel, 2016
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Editorial Rating

8

Qualities

  • Analytical
  • Innovative

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.

Take-Aways

  • Russia and China have forged a stronger trade relationship, which could negatively affect European Union exports to Russia.
  • Whereas exports from EU countries to China complement those from Russia, Chinese exports can now readily substitute for many EU exports to Russia.
  • Russia has experienced an economic malaise from plummeting oil prices as well as Western sanctions resulting from its 2014 annexation of Crimea.

About the Authors

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

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