The Analysis Of The Impact Of Ruble's Influence On The Trade Between China And Russia

Russia is China's largest neighbors,land area of the largest countries in the world,at the same time,or the world trade organization members,one of the BRICs countries,so the trade relations between Russia and China play an important role on the world economic stage,for the two sides also plays an important role in the development of itself.On March 22,2013,President Xi Jinping arrived in Moscow,began a state visit to Russia.He delivered a written speech at the airport,it is pointed out that both China and Russia are at the critical stage of development of Renaissance,the people of both countries to the development of Sino-Russia relations,strengthen cooperation in various fields have higher expectations.In profound and complex changes in the world today,the two countries to the lofty cause of human peace and development with greater responsibility.China will put the development of Sino-Russia relations as a diplomatic priority.Russia is President Xi Jinping came to power after a trip to the first national,shows its value for the development of Sino-Russia relations between the two countries,and in the diplomatic relations between the two countries occupied large proportion of economic and trade relations,Russia has always been important in China's foreign trade.Entering the new century,the importance and necessity of regional economic development of sync with the trend of global economic integration in the same.Russia as two adjacent power on the Eurasian,the bilateral political relations and economic and trade exchanges between regions,all have very close ties.Compared with the political cooperation between the two countries,bilateral trade level there is still room for further increase.Now the two countries economic rapid development in the new environment,to strengthen bilateral trade cooperation level is very important also very necessary.Due to the Ukrainian crisis of 2014 and the European and American countries impose economic sanctions on Russia,the Russian ruble exchange rate depreciation significantly.In July 2014 and January 2015,34.5 and 68.44 respectively for 1 dollar and depreciation of 98.38%.Resulting in a decline in the residents' purchasing power of the country,at the same time,the ruble devaluation to produce a great impact on the trade between China and Russia.Study the ruble devaluation of bilateral trade has important practical significance.Learning is presented in this paper,on the basis of relevant research results at home and abroad of the status quo of the rable devaluation causes and influence on the bilateral trade between the two countries made a comprehensive analysis,and using the VAR model to the ruble devaluation and other factors impact on the international trade level for system analysis.In order to further curb the ruble downward trend,improve bilateral trade status quo,in establishing Sino-Russia's border free trade zone,economic and technical cooperation zone,further optimization of Sino-Russia trade commodity structure,make the two countries and investment facilitation.Also in the present the most potential for cooperation between the two countries to deepen cooperation on energy trade,and provide a good policy,financial support,further deepen economic and trade cooperation between the two countries.