Authors :
Kruglikov Egor
Volume/Issue :
Volume 5 - 2020, Issue 3 - March
Google Scholar :
https://goo.gl/DF9R4u
Scribd :
https://bit.ly/2JDFvXm
Abstract :
In recent years, China's economy is
developing rapidly, and its dependence on natural gas
energy is also increasing. Russia has vast natural gas
resources, is one of the world's leading exporter of
natural gas. In the 21st century, China and Russia has
closely cooperation in the political, economic, energy
and military, energy trading has become an important
part of trade between the two countries. In 2014, both
countries signed the Russia-China cooperation in the
east gas project memorandum, this is undoubtedly laid
a solid foundation for developing natural gas trade
between the two countries. The Russia - China trade for
the study of natural gas, aimed at identifying the many
factors affecting the size of the gas trade between China
and Russia and its impact, with a view to proposing for
healthy development of Russia-China natural gas trade
targeted policy recommendations. Firstly, this article
analyzes the current situation of natural gas and trade
cooperation between China and Russia in economic and
non-economic and found major problems in the
development of bilateral trade. And by building a
natural gas gravity model of trade between China and
Russia, with 2006-2018 years of natural gas and trade
cooperation between China and Russia data, empirical
study on the influencing factors to determine whether
and to what extent the effects of the Influence Factors of
Russia-China natural gas trade.
The Empirical results show that China's economy
is the most significant impact on the natural gas trade
between China and Russia. China's economy,
population size, regional economic cooperation on
natural gas trade between China and Russia have
positive effects, but geographical distance between the
two countries, exchange rates have the negative effects.
Therefore, China and Russia should strengthen regional
economic cooperation, promote sustainable healthy
growth of trade between China and Russia for natural
gas.
Keywords :
China-Russian Cooperation; Natural Gas Trade; Gravity Model of Trade; Trade Influence Factors.
In recent years, China's economy is
developing rapidly, and its dependence on natural gas
energy is also increasing. Russia has vast natural gas
resources, is one of the world's leading exporter of
natural gas. In the 21st century, China and Russia has
closely cooperation in the political, economic, energy
and military, energy trading has become an important
part of trade between the two countries. In 2014, both
countries signed the Russia-China cooperation in the
east gas project memorandum, this is undoubtedly laid
a solid foundation for developing natural gas trade
between the two countries. The Russia - China trade for
the study of natural gas, aimed at identifying the many
factors affecting the size of the gas trade between China
and Russia and its impact, with a view to proposing for
healthy development of Russia-China natural gas trade
targeted policy recommendations. Firstly, this article
analyzes the current situation of natural gas and trade
cooperation between China and Russia in economic and
non-economic and found major problems in the
development of bilateral trade. And by building a
natural gas gravity model of trade between China and
Russia, with 2006-2018 years of natural gas and trade
cooperation between China and Russia data, empirical
study on the influencing factors to determine whether
and to what extent the effects of the Influence Factors of
Russia-China natural gas trade.
The Empirical results show that China's economy
is the most significant impact on the natural gas trade
between China and Russia. China's economy,
population size, regional economic cooperation on
natural gas trade between China and Russia have
positive effects, but geographical distance between the
two countries, exchange rates have the negative effects.
Therefore, China and Russia should strengthen regional
economic cooperation, promote sustainable healthy
growth of trade between China and Russia for natural
gas.
Keywords :
China-Russian Cooperation; Natural Gas Trade; Gravity Model of Trade; Trade Influence Factors.
