China's trade surplus has grown to a record $1.2 trillion, reflecting its growing role in global trade and transformation of international supply chains, Olga Ponomareva, an expert at the Economic Policy Foundation, commented it for RBC.
She believes that the US Federal Reserve's methodology for assessing the impact of government support on exports requires a more balanced approach. "Simply counting the number of government support measures doesn't reflect their scale, and the cause-and-effect relationship may be reversed, i.e., more transparent and integrated into global supply chains sectors objectively require greater regulation," Olga Ponomareva noted.
The expert emphasized that China is already a key trading partner for Russia, and this role will remain in the near future. At the same time, China's growing presence in global markets is creating new conditions for developing international cooperation and building production chains.
The Gaidar Institute believes that ongoing changes open opportunities to adapt economic strategies and find new forms of interaction within the global economy.