China as the driver for transregional economic processes in Eurasia

This article deals with the study of China’s role in trans-regional economic processes in the Eurasian space. The topic has become relevant, on the one hand, due to the fact that the Chinese economy today provides more than 30 percent of global growth and on the other hand, the intensification of US–Chinese rivalry, tightening Western economic sanctions and, as a result, falling demand in the American and European markets – slow down China’s foreign trade. The purpose of the article is to analyse trade and investment relations between China and EAEU, GCC, ASEAN and SCO. The statistical base of the study is based is premised on data from the United Nations, the IMF, UNCTAD, Development Bank of China. A model of trans-regional economic ties is proposed to analyse China’s influence within the institutional dimension. The article shows that China is currently facing the fact that America and Europe are seeking to rebuild supply chains by creating alternative transport corridors that may limit China’s ability to influence trans-regional ties. In conclusion, it is justified that Chinese projects under the aegis of the ‘One Belt, One Road’ Initiative are being successfully implemented today and contribute to the formation of trans-regional economic ties in Eurasia, despite certain disagreements both at the regional and global levels.