Probe - Accounting, Auditing and Taxation

Sino-Russian Cooperation under Global Value Chain Reconstruction

Siyu Wang

St. Petersburg State University of Finance and Economics, St. Petersburg, Russia

DOI: https://doi.org/10.59429/paat.v6i2.6952

Keywords: Global value chain, Sino-Russian cooperation

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Abstract

Since the 1980s, a new international division of labor system characterized by the division of global value chains has gradually emerged. Later, under the influence of the international financial crisis, Sino US economic and trade friction, COVID-19 and other events, the trend of global value chain restructuring gradually emerged, which posed a serious challenge to many countries in the world to deeply participate in the international division of labor. In addition, in recent years, China Russia relations have maintained a healthy development momentum. This article explores how China and Russia can further cooperate and achieve mutual benefit and win-win in the current context through a systematic literature review, investigation, and analysis.

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