Past Event

China-Russia relations and their impact on Europe

The economic ties between China and Russia are growing. How will this relation affect Europe?

Date: June 21, 2016, 9:00 am Topic: Global Economics & Governance

VIDEO RECORDING


Event materials

Alicia Garcia Herrero – presentation

Matteo Governatori – presentation

Heli Simola – presentation

Laura Solanko – presentation

Bruegel Working paper: The China-Russia trade relationship and its impact on Europe by Alicia Garcia-Herrero and Jianwei Xu

BOFIT Policy Brief: Opening up or closing the door for foreign trade – Russia and China compared by Laura Solanko


Despite the recent drop in bilateral trade, China and Russia have been improving their economic relations for quite some time already. The commodity supercycle marked the beginning of the love affair after some difficult decades. Geopolitical reasons, including a common response to the US pivot towards Asia, may have also helped.

At the current juncture, China’s Belt and Road Initiative, especially the Northern Route, should further enhance economic integration between Russia, world’s largest energy exporter, and China. Europe – at the other end of the Belt and Road – and with long-term economic relations with both China and Russia will surely be affected by these developments.

This half-day event discussed the growing economic relations between China and Russia and the potential consequences for Europe.

Schedule

Jun 21, 2016

8.30-9.00

Check-in and breakfast

9.00-9.15

Introduction

Alicia García-Herrero, Senior Fellow

9.15-10.15

RUSSIA – CHINA: SIMILAR CHALLENGES BUT DIVERGENT SOLUTIONS

Chair: Marek Dabrowski, Non Resident Fellow

Laura Solanko, Senior Advisor, Institute for Economies in Transition, BOFIT

Discussant

Jianwei Xu, Visiting Fellow

10.15-11.15

ECONOMIC RELATIONS BETWEEN RUSSIA AND CHINA – INCREASING INTERDEPENDENCE?

Chair: Alicia García-Herrero, Senior Fellow

Heli Simola, Senior Economist,, Institute for Economies in Transition, BOFIT

Discussant

Eric Girardin, Aix-Marseille School of Economics (AMSE)

11.15-11.30

Coffee break

11.30-12.30

TRADE BETWEEN RUSSIA AND CHINA AND THE IMPACT ON EUROPE

Chair: Zsolt Darvas, Senior Fellow

Alicia García-Herrero, Senior Fellow

Discussant

Matteo Governatori, Economist, European Commission, DG ECFIN

12.30-13.30

Policy panel

Chair: Zsolt Darvas, Senior Fellow

Alicia García-Herrero, Senior Fellow

Vasily Gavrilov, First Secretary, Permanent Mission of the Russian Federation to the European Union

Iikka Korhonen, Head, Bank of Finland Institute for Economies in Transition (BOFIT)

SUN Mingxi, Counsellor for Economic Affairs, Chinese Mission to the EU

13.30

Lunch

Speakers

Marek Dabrowski

Marek Dabrowski

Non Resident Fellow

Zsolt Darvas

Zsolt Darvas

Senior Fellow

Alicia García-Herrero

Alicia García-Herrero

Senior Fellow

Vasily Gavrilov

First Secretary, Permanent Mission of the Russian Federation to the European Union

Eric Girardin

Aix-Marseille School of Economics (AMSE)

Governatori pic

Matteo Governatori

Economist, European Commission, DG ECFIN

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Iikka Korhonen

Head, Bank of Finland Institute for Economies in Transition (BOFIT)

HeliSimola

Heli Simola

Senior Economist,, Institute for Economies in Transition, BOFIT

Laura_Solanko

Laura Solanko

Senior Advisor, Institute for Economies in Transition, BOFIT

img_20161004_135121

SUN Mingxi

Counsellor for Economic Affairs, Chinese Mission to the EU

DSC_0160

Jianwei Xu

Visiting Fellow

Location & Contact

Bruegel, Rue de la Charité 33, 1210 Brussels

Matilda Sevón

Matilda Sevon

matilda.sevon@bruegel.org

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China cannot finance the Belt and Road alone

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Opinion

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Worries about the growth in China's leverage are on the rise. Is this growth in leverage sustainable? Alicia García-Herrero finds that the evidence is not so positive so far.

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Policy Contribution

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Opinion

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Blog Post

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Trump’s U-turn on trade with China is good news, but the EU should not be complacent

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At this event the Managing Director of the International Monetary Fund, Christine Lagarde, will speak about the global outlook and policy priorities, ahead of the 2017 IMF Spring Meetings

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Is China’s innovation strategy a threat?

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Opinion

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