| | | | PROBLEMS OF MODERN ECONOMICS, N 1 (73), 2020 | | | | SOCIO-ECONOMIC DEVELOPMENT IN FOREIGN COUNTRIES | | | Kuznetsova N. P.
Chair of Risk Management and Insurance, Department of Economics, St. Petersburg State University, PhD (Economics), Professor
Pisarenko Zh. V.
Assistant Professor, Chair of Risk Management and Insurance, St. Petersburg State University, PhD (Economics), Professor
Wang Qiang
School of Economics and Management, China University of Petroleum, PhD (Economics), Professor
Nguyen Canh Toan
Vietnam Academy of Social Sciences (Hanoi), PhD (Economics), Professor
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| | | The article summarizes the history and the results of power engineering cooperation between China and Russia in the end of the XX — beginning of the XXI centuries and emphasizes that this is the most remarkable example of regional industrial integration between the two largely power engineering companies of the neighboring countries, namely, Gazprom and China National Petroleum Corporation (CNPC), with the particular role played by “Novatek” corporation in the Arctic project of the two countries. On the macro-level Russia and China present a model of complementary economies, both demonstrate integration of transnational power engineering companies on the microlevel. The latter maybe seen as the nucleus for the regional integrational fuel-and-energy complex involving mutual scientific, technological and infrastructural investment on the part of both countries. | | Key words: transition from resource-oriented (extensive) to innovation-oriented (intensive) type of economic grown on the micro-level, cooperation of Russian and Chinese power engineering corporations, Gazprom, Novatek, CNPS: stages, specific features, results, integrated regional fuel-and-energy complex | | Pages: 139 - 145 |
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