Sino-Russian economic and trade cooperation and countermeasures analysis under the new development pattern

Research purpose. This paper analyzes the challenges and development prospects of Sino-Russian economic and trade cooperation under the new economic development pattern. Research method. This paper uses comparative analysis and data analysis. Research content. In recent years, trade between China and Russia has grown strongly, and there is huge potential for bilateral cooperation. The trade structure tends to be stable. Agricultural cooperation has been deepened and strengthened to effectively respond to challenges and risks. Trade in services expanded at a faster pace and economic and trade areas continued to expand. The solidly promoted construction of major projects lays a solid foundation for development. The signed agreements for future cooperation ensure the pragmatic progress of the projects. Conclusion. Sino-Russian strategic cooperative relationship has entered a new era, promoting Sino-Russian economic and trade cooperation to a new level. The approval of the China (Heilongjiang) Free Trade Area will give a strong boost to new breakthroughs in China-Russia practical cooperation. Cross-border e-commerce trade has developed rapidly, and agricultural trade has become a new highlight of bilateral trade.