Study On Measurement And Countermeasures Of Economic Convergence Between China And Russia

Since 1998-2017,the economic cooperation between China and Russia has become more diversified,and bilateral economic exchanges such as bilateral trade,investment,labor,and tourism have been continuously promoted.The economic interdependence and mutual penetration of the two countries have also deepened.The development of the international and domestic situations has led to an increase in the consensus of the two countries in some important strategic areas,including the“looking eastward” strategy of the Russian economy,the construction of the Silk Road Economic Belt,the cooperation between the Eurasian Economic Union and so on.In addition,these have continuously deepened and expanded the common interests of the two countries.Under the background of economic globalization and the successful integration of the “One Belt and One Alliance”,the importance of China-Russia economic convergence has become increasingly prominent.This paper analyzes relevant literature on economic convergence at home and abroad at first.Through theoretical analysis,we find that economic convergence itself is a rich concept,which involves trade,investment,personnel,and system.This paper tries to make a qualitative analysis of the current situation of China-Russia economic integration,preliminarily judge the level of economic convergence,propose existing problems and conduct cause analysis.Secondly,taking the China-Russia trade,investment,overseas students,trade,and investment freedom degrees as the empirical analysis samples,constructing the economic convergence level measurement model,and calculating the specific score of economic convergence degree by entropy method.According to the measurement results,observe the trend of China-Russia economic convergence and analyze the reasons for its fluctuations,and initially judge the future trend of China-Russia economic convergence,and compare and analyze the level of economic convergence between China and the United States.Finally,the following conclusions are drawn.(1)From 1998 to 2017,the level of economic convergence between China and Russia showed a volatility,and there were still shortcomings suchas insufficient stability,slow development and poor sustainability.(2)The degree of investment convergence has the largest contribution rate to economic integration,with a weight of 0.392.However,the level of convergence among the three is at a minimum,and the degree of investment convergence between China and Russia needs to be strengthened.(3)The China-Russia trade convergence and personnel exchange index also has problems of instability and unsustainability,which are vulnerable to the instability of the Russian economy and the negative impact of the international economic situation.(4)The level of economic convergence between China and Russia is generally lower than the level of economic convergence between China and the United States,and the gap between the two is gradually expanding.In order to promote the quality and quantity of China-Russia economic convergence,we should speed up the transition of the economic cooperation between the two countries from a passive state to a market-oriented initiative and carry out various economic exchange activities.Finally,It bases on the empirical conclusions,this paper proposes countermeasures to further promote the economic integration between China and Russia in promoting the construction of free trade zone of “Eurasia Economic Union+1",strengthening guidance and upgrading investment level,improving the quality of China-Russia trade cooperation,expanding China-Russia labor cooperation,promoting tourism cooperation,and strengthening personnel training.Communicate and cooperate with humanities,promote China-Russia local cooperation,and enhance political mutual trust.