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The Rise of China's Political and Economic Influence in the Modern World: Pluralism of Opinions

The increasing political and economic influence of China on the international economic relations, whilst remaining the relative closeness of its economy and reluctance to provide reciprocal access to the national market, is becoming an important topic for discussion among Western and Russian researchers. The purpose of the study is to analyze the modern scientific view on growing influence of the PRC worldwide as a new political player, as well as to identify contradictions arising in the world economy. The methodological basis consists of general scientific methods of analysis and synthesis, generalization and comparison methods, historical and logical approaches to the examined phenomena, which allow to identify contradictions and problems that Russia could face due to China's global economic expansion. The authors substantiate the need for Russian to use the experience of other country in protecting its national interests throw creating mechanisms for foreign investments screening, as those investment can have negative impact on the recipient economy and its integration partners. The article provides recommendations for Russia on how to develop the mutually beneficial and effective investment cooperation with China.