The China-Russia relationship

Lovas Hanga Gabriella (2024) The China-Russia relationship. Külkereskedelmi Kar.

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Absztrakt (kivonat)

This thesis assesses the different aspects of the China-Russia economic relationship, considering the war in Ukraine and the effect of the following sanctions. It conducts the analysis of their shared history, China’s financial support to Russia, where the effect of financial sanctions is discussed, according to which Russia is banned from the use of SWIFT, thus it had to search for alternatives. The solution to this problem was the use of their own SPFS system and China’s CIPS. This way Chinese banks invested in Russia, providing and alternative to the western payment systems. The following section shares the tools used by the two countries in order to achieve a new multipolar world order via the de-dollarization process. The allies heavily promote the use of their own currencies, conducting trade in mostly yuan. Russia’s foreign exchange reserve mix has also been redirected away from the dollar, and towards the yuan. Additionally, they use their membership of the BRICS in a way to achieve dethroning the dollar. In the consumer goods and trade section the two countries’ export portfolios are analysed as China’s consumer goods and electronics export to Russia have significantly grown due to western sanctions. On the other side, Russia’s export to China remains stable on the minerals, with a significant growth since the war broke out. China helps Russia by purchasing their gas and oil surplus which the western markets have left behind. The significance of the Chinese military support is observed in the last section. China exports high priority products to Russia, since it has no capacity to produce it themselves and the western markets have banned the trade of dual-use goods with Russia. China fears no threats from the west, it continues to support Russia even if their relationship is quite asymmetric. China is trying to avoid secondary sanctions from the west, while simultaneously supporting Russia, which is a challenging strategy to begin with. In the end, China gained the most leverage from the war and the sanctions as it could form the consequences to its benefit.

Intézmény

Budapesti Gazdasági Egyetem

Kar

Külkereskedelmi Kar

Tanszék

Nemzetközi Gazdaságtan Tanszék

Tudományterület/tudományág

NEM RÉSZLETEZETT

Szak

Nemzetközi gazdálkodás

Mű típusa:	diplomadolgozat (NEM RÉSZLETEZETT)
Kulcsszavak:	China, foreign policy, international cooperation, Russia, trade partnership
SWORD Depositor:	User Archive
Felhasználói azonosító szám (ID):	User Archive
Rekord készítés dátuma:	2025. Már. 12. 11:13
Utolsó módosítás:	2025. Már. 12. 11:13
URI:	http://dolgozattar.uni-bge.hu/id/eprint/57176

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