DOI: 10.33917/es-3.169.2020.56-65

Regular meeting of the Bogomolov Club, held at the Institute for Economic Strategies on January 28, 2020, was dedicated to the issues of trade and economic war between the USA and China. The keynote address was delivered by the famous Russian sinologist, Doctor of Economics, Professor, Director of the Center for Social and Economic Research of China at the RAS Institute of the Far East, member of the Russian Association of Sinologists, the European Association of Chinese Studies Andrey V. Ostrovsky.

The article contains the author’s summary on the 2018 Chengdu Global Think Tanks Forum (China) with the active participation of the Russian delegation and a critical review of the events and a number of reports within the event framework. The purpose of this paper is to analyze the role and capabilities of the think tanks created by the BRICS countries, to identify the benefits and threats of global governance, as well as to promote the results of research activities initiated and realized by scientists and experts from countries with developing, emerging and transforming markets.

This article contains the results of joint scientific and diplomatic work of the two research groups — from the Chinese and Russian side: under the leadership of Chongyang Institute for Financial Studies, Renmin University of China (RDCY) and Counselor to the President of the Russian Federation. The uniqueness of this publication lies in the fact that a reader has the opportunity to observe the joint work including analysis of the Sino-Russian financial and economic cooperation benefits and “bottlenecks” of scientists, heads of leading institutions and officials in real time and in the process of coordinating the positions of the parties, to understand the complexity of diplomatic work and to assess the importance of agreements and results having been achieved.

The article is dedicated to forming the Russian cluster of transport-transit and fuel-energy corridors of Eurasia as a Russian counterpart partner project integrated with the Chinese Economic belt of the Silk Road. The authors substantiate the necessity of creating the Eurasian distributed mega-hub, oriented to consolidated management for the use of the transport-transit and fuel-energy infrastructure of Russia and other states-participants of the EAEU, combined with a similar Chinese infrastructure. The technological base of such a project is the infrastructure for production and transportation of fuel, energy, raw materials, food and other resources and for provision of logistics and other services in the structure of infrastructure-transport directions (corridors) “China–Russia–Europe” and “Russia–China–Asia”. It is proposed to change Russia’s business positioning in cooperation with China for its integration as a key operator in the structure of providing transport and transit services and supplying fuel and energy resources in Europe and Asia. On this basis, it is possible to form mechanisms both for coordinating trade of products and resources, as well as agreeing in mutually beneficial interests between Russia and China on various technological, economic, information and other aspects that ensure synchronization of the processes of rendering transport and transit services and energy supply to consumers in different territorial zones of national economies of Europe and Asia.

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In this article some international features of China’s policies are analysed — other domestic ones, such as the struggle against corruption are equally important but beyond this article’s scope, while some are domestic Chinese matters it is inappropriate for a non-Chinese citizen to comment on. But, despite this limitation, it is hoped an international analysis focusing on the new period in the world economy, as it interrelates with China, throws some light on developments both in China and internationally.

In the last period every year the global economy was increasingly dependent on the pace of China’s economy development, on which many countries have traditionally pinned their hopes for successful exit from the crisis. 2015 has clearly and unequivocally demonstrated the tendency of Chinese critical instability increase. There are many reasons, and one of the most important was the change in the US policy — termination of “quantitative easing” programs, which determines conditions of demand for Chinese goods and the volume of their exports. Once and for all the credit character of “successful” China’s economic growth became apparent, the possibility of obtaining the effect from realizing the model of financial incentives to China’s national economy through increasing the volume of loans and investments is almost exhausted. The main conclusion: there is a direct correlation between the consequences of investment and industrial glut in China due to extreme economic growth and strengthening of structural economic and financial disproportions laying the contours of inevitably arising from them a new round of Chinese and the global economic crises.

The article traces China’s evolution from a closed state with fierce international censorship to the world’s cultural and economic center of power. The author specifies the periods of China’s formation as an active international actor in global organizations, cultural and educational environment for foreigners, as well as an information center for the world’s media. The paper deals with the stages of China’s gradual transition to the status of the country attractive for investment, it quotes the numbers and evidence of China’s concrete steps towards multilateral strengthening of its international image.

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