Scholarly record

GEOPOLITICAL AND GEO-ECONOMIC INTEREST OF CHINA IN THE ARCTIC REGION

S. Pogodin, N. Bogdanova

Abstract

The paper is devoted to a geopolitical and geo-economic interest of China in the Arctic Region, as one of the main trends in the modern Chinese foreign policy is transformation of political and economic grounds of todayВ’s world order. The presented research is targeted at finding and revealing causes of the given trend. The main methods of research for this trend are observation, review and classification of articles on this problem, statistical data analysis, methods of generalization and forecasting. The paper reveals and presents the main factors of the trend: energy, logistics and transportation factors. China's economy considers the Arctic mineral resources as one of the most significant sources of diversification for the worldВ’s geographic structure of energy sources imported by the country. A great deal of attention is paid in the Chinese Arctic strategy to an energy factor. Apart from oil and gas, China has a strong transport and logistic interest in the Arctic, which is the most important component of China's economic and geopolitical priorities in the Arctic. This factor is growing in its significance in enhancing the export capacity of the Chinese economy and turning China into the leading export power of the world. The materials of the paper can be used to analyze and to take into account geopolitical interests of China in the world's Arctic policy, which has to be focused on universal human interests where decisions have to be made in accordance with the interests of the global community and in compliance with the international maritime law.

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