China: Foreign Trade Cooperation as a Factor of Stabilization of the Economic Development of the Russian Federation

Due to the unstable political and economical situation, Russia has changed the course of its foreign policy in many sectors from West to East, where China has become a major partner. The reorientation has been reflected both in the diplomatic and economic spheres. The relevance of this study is determined by the increasing importance of the role of trade cooperation between Russia and China against the background of geopolitical and economic processes currently taking place in the world community related to the problems of interaction with the countries of Western Europe and the United States. On the basis of a comprehensive study of foreign trade cooperation of the Russian Federation with China, analysis of the activities of the textile industry in cooperation with Chinese partners, analysis of expert opinions based on in-depth interviews with representatives of the Chinese and Russian business community, formed recommendations for improving foreign trade cooperation of the Russian Federation in order to stabilize the country's economy at three levels: state, regional and individual enterprise.