Friendship with China will result in the ruin of Russia

17 November 2017, 09:48 | Economy
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The course on strengthening economic ties with China will come to Russia sideways. This conclusion was reached by experts of the World Bank, speaking at the club "Valdai". Over the past decade, Moscow has made remarkable progress in achieving this goal: the volume of trade between Russia and China has tripled, the inflow of direct investment from China into the Russian Federation has increased significantly, which is especially noticeable against the backdrop of falling investment from other countries. And everything would be fine if not for one "but": China itself began a crisis. After a colossal take-off, his economy moved to a decline. In the current year, at best, the level of 6.5% will be shown - in comparison with the previous 10% this is a very tangible fall. And this trend, according to experts, is long-term, well, if by 2030.

Celestial will show growth of 4.6%, notes "Newspaper. RU". And interestingly: China itself will survive this easier than Russia. Because the volume of Russian exports to China under this scenario will also decline, for 10 years, interest by 17, and in the commodity sectors - up to 24%. Our budget, still heavily tied up with the extraction and supply of oil and gas, will be greatly shaken by such a blow. Avoiding these consequences is difficult, and it is unlikely that Russian energy companies will be able to do this.

Because until now Moscow with great difficulty reoriented its exports and tied economic ties with dynamically developing new markets. For example, India. It is not the first year shows a good growth rate. But the total share of Russia's exports to India now barely reaches 2% (by comparison: China - 11%).

So the flowering of India will add to the Russian budget a maximum of 0.06% by 2030. Although there is no doubt that other countries are good at burying their hands on it.




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