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Chinese investors will bring Russian oil and gas production to a qualitatively new level
According to RIA Novosti news agency referring to Russian Deputy Prime Minister Arkady Dvorkovich, Russia can allow Chinese companies to manage strategic energy resources. The Russian government is considering the possibility of granting Chinese investors the right to possess more than 50% of the shares of strategic raw materials fields, with the exception of the offshore ones. Arkady Dvorkovich also noted that for such a development of Russian-Chinese cooperation there are no political obstacles.
Access to foreign strategic resources - natural gas and oil - will require both economic and political efforts from China. For more than thirty years, since the proclamation of the policy of reforms and opening up, the PRC, relying on its own advantages (for example, the cheapness of labor), and the extensive development of the world economy, on the one hand, has become one of the largest participants in the world market, on the other - A "worldwide plant". However, until now, China, changing the global economic structure, cannot become a leader in world economic development. In such internal and external economic conditions, China missed the opportunity to transform the structure of production, its integration with other areas of the economy; in the process of accelerated development, the ability for self-improvement was lost. In the future, with a change in inter-economic interaction mechanisms, the PRC may lose its competitive advantages in the world arena. Therefore, when developing the Chinese national economy, it is necessary to take into account both endogenous factors and the growing need for stable international relations.
At the heart of all the achievements of China's economy are two types of resources: human capital and energy. It should be remembered that stable economic growth requires stable supplies of oil and natural gas. Paradoxically, the fall in world oil prices in 2014 was not a positive, but a negative factor in the development of the Chinese economy. Direct access to strategic oil and gas reserves should protect the economy of the PRC from the dangerous consequences of fluctuations in energy prices and provide it with a competitive advantage in crisis situations.
It is obvious that the joint extraction of energy can be an example of the fruitful cooperation of two neighbors. The leaders of both countries should not forget about the positive changes that will follow as a result of the successful implementation of new opportunities.