THE ROLE OF CHINESE FOREIGN DIRECT INVESTMENTS IN THE RUSSIAN TRANSPORT INFRASTRUCTURE
DOI:
https://doi.org/10.20397/2177-6652/2024.v24i2.2801Palavras-chave:
Transport Infrastructure, Economic Growth, Foreign Direct Investment (FDI), China, RussiaResumo
The dynamic inflow of Foreign Direct Investment (FDI) from China to Russia provokes many controversies. These investments are interpreted as an impetus for the Russian economy, but on the other hand, also cause threats to the Russian manufacturing industry and national security. This research focuses on analyzing the importance of outwards Chinese FDI to the Russian transport infrastructure sector. The main methods of the research were general scientific methods of analysis and synthesis, comparison and generalization based on the literature review analysis, as well as a set of basic methods of economic research. The results demonstrate that the share of Chinese investments in Russian transport infrastructure projects is very insignificant and does not correspond to the level of strong and strategic partnership. The main barriers to Chinese investments are high geopolitical risks, the cost of projects, as well as long payback period. The research also found that high volatility of the national currency exchange rate, add additional risks to foreign investors. The research recommends Russian government to adjust monetary policy to stabilize exchange rate of the national currency and consider a new approach to attracting FDI in infrastructure with the provision of state guarantees.
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