OREANDA-NEWS32% of the leaders of large companies in Russia admitted that they potentially consider entering Asian markets, including China, as the main direction of growth on the horizon of three years. This is evidenced by the results of a study by consulting companies EM and Stanton Chase. The interview involved 18 respondents - executive and non-executive directors of such companies as AFK Sistema, Uralkali, Petropavlovsk, Unipro, LSR Group. The study was conducted in June-August.

Company executives in an interview expressed concern about the increasing use of political ties and fabricated criminal cases to resolve commercial disputes in Russia. The threat affects all sectors without exception and causes an outflow of successful entrepreneurs.

Examples of cooperation between Russia and China are the Power of Siberia pipeline (implemented by Gazprom, Sibur, the ESN group and Chinese CNPC), Mail.Ru and Alibaba, a joint venture in electronic commerce, development of 5G MTS and Huawei technology, CNPC investments and Of the Silk Road Fund to the NOVATEK liquefied natural gas project Yamal LNG. However, cooperation between Russia and China is not developing as fast as business expected. State-owned and quasi-state-owned companies mostly benefit from Russian-Chinese friendship, respondents indicate.

The turn to the East as an economic model, rather than a political slogan, did not succeed, said Aleksey Maslov, professor at the HSE School of Oriental Studies. In the structure of Russian exports to China, energy is leading. Although China is the largest trading partner for Russia, Russia's share in China's total imports is approximately 2%, the expert noted. In 2018, Russian exports to China exceeded imports for the first time since 2006. At the end of the year, trade between the two countries amounted to a record $ 108 billion.