DYNAMICS OF ROMANIA-CHINA BILATERAL TRADE: A COMPREHENSIVE OVERVIEW
DOI:
https://doi.org/10.61841/zp8x2862Keywords:
Romania-China trade , economic transition , strategic cooperationAbstract
This study explores the evolving bilateral trade between Romania and China from the 20th century to the present, highlighting significant growth and strategic economic cooperation despite global challenges. Initially bound by political alliances and mutual reconstruction efforts post-World War II, the relationship deepened with Romania's shift to a market economy and China's opening-up policy. Analysing trade data from 1992 to 2021, the research reveals an increase in trade volume, especially after 2000, with China maintaining a trade surplus. Key traded goods include machinery, electronics, textiles, and natural resources. Despite challenges, such as geopolitical considerations, the trade relationship offers opportunities for further growth and diversification. The study underscores the potential for enhanced cooperation in sectors like energy, agriculture, and technology, pointing to a promising future for bilateral economic ties between Romania and China.
References
Alina, H. (2009). ECONOMIC EVOLUTIONS IN ROMANIA AND IN THE EUROPEAN UNION IN CRISIS CONDITIONS. Romanian Economic Business Review.
Arora, A., & Anjala, K. (2015). Impact of US Financial Crises 2008-09 on Chinese Economy. Open Journal of Business and Management.
Cindea Gita, I.-E., & Wang, J. (2022). Chinese Literature in Romania in the Context of Sino-Romanian Economic and Political Relations (1950-2018). Annali di Ca’ Foscari.
Costea, D., Dumitrescu , G., Volintiru, C., Voicu-Dorobantu, R., & Ploae, C. (2019). Connectivity-Related Projects in Europe and China: Opportunities and Challenges to Increased Synergies.
Ganea, M. (n.d.). Perceptions of China Seen as a Threat in the Romanian Political Discourse in 2021-2022. Covinus University of Budapest.
Goschin, Z., Constantin, D.-L., & Danciu, A.-R. (2010). A REGIONAL PERSPECTIVE ON THE IMPACT OF THE CURRENT ECONOMIC CRISIS IN ROMANIA. Romanian Economic and Business Review – Vol. 5, No. 3.
Guoguang, W. (2010). China in 2009: Muddling through Crises. Asian Survey.
Lupu, C. (2022). ASPECTS REGARDING THE RELATIONS BETWEEN CHINA AND ROMANIA (1949-1965) (PART 2). Editura Universitatii LUCIAN BLAGA din Sibiu.
Marginean, S. C. (2015). Economic Globalization: From Microeconomic Foundation to National Determinants. Sibiu.
Merriam-Webster. (2022). "The Merriam-Webster Dictionary". "Merriam-Webster, Inc.
Milic, V. (2023). China in Central and EAstern Europe: New Opportunities for Small States .
Pencea, S. (2018). Romania-China and Investment Relations against the Backdrop of "ONE BELT, ONE ROAD" Strategy. Romanian Economic and Business Review - Vol. 12, number 2.
Pencea, S., & Oehler-Sincai, I. (2015). Romania, Strategic Partner in China-CEE Relations (Vol. Globe Economic Observer). Bucharest: Institute for World Economy.
Popescu , L., & Brinza, A. (2018). Romania-China RElations. Political and Economic Challenges in the BRI Era.
Popovici, O. C. (2022). Romania economy briefing: Romania-China trade and investment relations. Retrieved from China-CEE Institute: https://china-cee.eu
Raluca, Z. (2011). Crisis Impact On The Romanian Economy Compared To European Union Countries. Annals of Spiru Haret Univerity.
Schuller, M., & Schuler-Zhou, Y. (2009). China's Economic Policy in the Time of the Global Financial Crisis: Which Way Out Sage Journals.
Studies, C. a. (n.d.). https://www.ceecas.org/publications.
Xu, G. (2019). Sino-Romania Relations Under the Framework of Relations Between China and CEECS Countries: A Perspective of Local Cooperation. Global Economic Observer.
Yanxia, Z. (2015). Social impacts of the Global Financial Crisis on China and its policy initiatives. China Journal of Social Work.
Downloads
Published
Data Availability Statement
Quantitative Data used for this study was downloaded from comrade.com and then it was computed by the author for the purpose of the study.
Issue
Section
License
Copyright (c) 2024 Journal of Advance Research in Business, Management and Accounting (ISSN: 2456-3544)
This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.
Terms & Condition
Submission -
Author can submit the manuscript through our online submission process or email us at the designated email id in contact details.
The other mode of submission not accepted than online and email.
Before submission please read the submission guidelines.
NN Publication accepts only article submitted in pdf/doc/docx/rtf file format. Another format except given file formats will no be considered .
Author will be responsible for the error mistakes in the submission files. The minor changes can be done without any cost after publication. But for major changes NN Publication may charges you the editing charges.
Publication (Online) -
The online publication is scheduled on last date of every month, but it can be delayed by 24 to 48 hours due to editorial process if huge number of articles comes to publish in single issue.
Automatic notification email will be sent to the all users on publication of an issue, so its author’s duty to check their email inbox or SPAM folder to get this notification.
After publication of article author can not withdraw their article.
If editor’s found any issue after publication of article then the NN Publication have the authority to remove the article from online website.
No refund will be provided after online publication of article.
Publication (Print) -
The print copy publication are sent as per the author’s request after 2 weeks of online publication of that issue.
NN Publication will ship the article by India Post and provide the consignment number on dispatch of print copy.
NN Publication follows all the guidelines of delivery provided by India Post and hence not responsible for delay in delivery due to any kind of reasons.
Refund of hard copy will not be provided after dispatch or print of the journal.
NN Publication will be responsible for raise a complain if there is any issue occurs in delivery, but still will not be responsible for providing the refund.
NN Publication will be responsible to resend the print copy only and only if the print copy is lost or print copy is damaged in delivery / or there is delay more than 6 months.
According to India Post the delivery should be completed with in 1-3 weeks after dispatch of articles.
Privacy Policy-
NN Publication uses the email ids of authors and editors and readers for sending editorial or publication notification only, we do not reveal or sell the email ids to any other website or company.
