Ouyang Xiangying

(№.2,2017)

Abstract: At present, the Russian economy has five positive factors: Russia is a self-sufficient big economy; with adequate exchange reserves and reserve funds; its financial gap is small without no risk of serious crisis; it shows new highlights in economy; its overall political status is stable. Despite these positive factors, a lot of social issueshave been exposed, e.g.: irrational economic structure, inadequate population production, lack of investment, lower resident income, rising consumer prices, unemployment, wage arrears, and income disparity. In 2017, Russian economic growth is expected to be only 0.5%-0.8% and its economic difficulty which began in 2014 will be continued until 2018. In this situation, the Sino-Russian economic and trade cooperation is established: firstly, both sides should strengthen the cooperation in global economic governance; secondly, China should strengthen the “top-level design” in its economic and trade cooperation with Russia and prioritize the key programs; thirdly, China should put the risks of its energy cooperation with Russia under control, and proactively expand their cooperation in agricultural sector.

Keywords: Russian Economy; “One Belt One Alliance”; Sino-Russia Cooperation; Global Governance; Top-level Design