Convergence of Russian and Chinese Laws on Foreign Investments

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Abstract

In the course of foreign economic development, most entrepreneurs face considerable difficulties of a legal matter. For reasonable legal support of the «comprehensive strategic interaction and partnership» between of the Russia and the China, as well as the conjugation of the EAEU and the «One belt, One the road», reasonable rapprochement and convergence (in the form of harmonization and unification) of legislation are necessary, which are already careful about the political leaders and legislators of our countries. The study is based on economic statistical analysis, the regulatory framework and scientific research of the economic and legal sense. Summing up the intermediate results of the study, the intensification of the legislative development and unification of legislation on foreign investments and harmonization of its norms within the framework of civil and entrepreneurial law should be noted. In the international legal field, only the adoption of intentions about legal harmonization at the bilateral level and level of regional/subregional economic integration associations occurs. This is an excess confirmation of high politicization with general non-rights and disharmony of the parties, the formalness and state of state-Russian relations, which is primarily due to the economic poor development of sino-russian relations. However, you should not negatively put an end to this issue, since the general commitment to the German school of civil and corporate law and the Soviet heritage of economic law by our countries, being the so -called «soft harmonization» gives a good theoretical and normative basis of the legal harmonization of foreign investments of our countries in the future.

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About the authors

Sanat N. Zhilkibaev

Financial University under the Government of the Russian Federation

Email: prozrach@mail.ru
postgraduate student, Department of legal regulation of the economic activity of the Law Faculty Moscow, Russian Federation

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