China’s Success and Challenges of Digitalization in Foreign Trade

Authors

  • Yuri Anatolievich Savinov Russian Foreign Trade Academy
  • Galina Aleksandrovna Orlova Russian Foreign Trade Academy
  • Anna Vasilyevna Skurova Moscow State Institute of International Relations (University) MFA Russia
  • Evgenia Vadimovna Taranovskaya Russian Foreign Trade Academy

DOI:

https://doi.org/10.24412/2072-8042-2022-12-68-79

Keywords:

China, digitalization of the economy, development of foreign trade in digital goods, US restrictions, microelectronic circuits and equipment, production, supply to China

Abstract

In the article, the authors consider the key areas of China’s digital transformation, focusing on the development of foreign trade in digital goods. Among the main issues that may limit the country’s exports of its digital products to international markets, the latest measures of the US administration to restrict the supply of the most advanced microelectronic circuits and equipment for their production to China are analyzed. These restrictions, representing a shift away from the US commitment to free trade, could seriously disrupt the global value chains of the multinational companies acquiring Chinese microelectronic circuits and equipment to use in their production processes in China and other countries.

Author Biographies

Yuri Anatolievich Savinov, Russian Foreign Trade Academy

Doctor of Economic Sciences, Professor
Place of work, post: Russian Foreign Trade Academy, Department of international trade and foreign trade of RF, Professor

Galina Aleksandrovna Orlova, Russian Foreign Trade Academy

Candidate of Economic Sciences, Associate Professor
Place of work, post: Russian Foreign Trade Academy, Department of World and National Economy, Professor

Anna Vasilyevna Skurova, Moscow State Institute of International Relations (University) MFA Russia

Candidate of Economic Sciences
Place of work, post: Moscow State Institute of International Relations (University) MFA Russia, Senior Lecturer

Evgenia Vadimovna Taranovskaya, Russian Foreign Trade Academy

Candidate of Technical Sciences, Professor
Place of work, post: Russian Foreign Trade Academy, Department of Finance, Monetary and Credit Relations, Professor

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Published

2024-01-26

How to Cite

Savinov, Y. A., Orlova, G. A., Skurova, A. V., & Taranovskaya, E. V. (2024). China’s Success and Challenges of Digitalization in Foreign Trade. Russian Foreign Economic Journal, (12), 68–79. https://doi.org/10.24412/2072-8042-2022-12-68-79

Issue

No. 12 (2022)

Section

International trade

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